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With no buyers in sight, Time Warner finally to spin off AOL

http://arstechnica.com

The marriage between AOL and Time Warner has generally not been a happy one. The original vision was that AOL would provide an outlet for the material that Time Warner's other divisions produced, giving the combined company a whole-widget approach to content. That never worked out, and the division was often a drag on its parent company's earnings. As a result, rumors that AOL was for sale have circulated for years (Ars' coverage of them dates back to at least 2005), and played a prominent role in the awkward ballet performed by Microsoft and Yahoo last year. None of the deals ever came to fruition, and now it appears that Time Warner has given up: AOL will be spun off as an independently traded company. There are still a couple of hurdles the spinoff will have to clear. Google owns a five percent stake in AOL, and Time Warner will have to buy that off the search giant before it can complete the transaction. There will also be a lot of internal bookkeeping maneuvers needed to surgically remove AOL from its parent, and the SEC will have to approve all of them.

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With no buyers in sight, Time Warner finally to spin off AOL celebrities stalker