Feeds

Time Warner mulls AOL float

Let this albatross go free

  • alert
  • submit to reddit

Bridging the IT gap between rising business demands and ageing tools

Time Warner is considering spinning off its AOL division, CEO Richard Parsons told shareholders on Friday.

"If we get to the point where consolidation is happening in the Internet space...the possibility of an IPO is out there," said Parsons. The Wall Street Journal cites sources as saying that Time Warner would continue to hold a majority stake in the internet company.

Two of its three chief rivals, Google and Yahoo!, have been on an acquisition spree to bolster their portals, with the former acquiring Keyhole and Picasa amongst others. Yahoo!'s $1.6bn purchase of Overture in 2003 was instrumental to its growth.

AOL acquired Time Warner for $112bn at the height of the dotcom bubble - a catastrophic but not fatal decision by the media giant. Time Warner recently settled long running disputes with regulators on both sides of the Atlantic SEC over security fraud charges, after making a final $510m in the US and $300m to settle a parallel EU investigation. ®

Related stories

AOL UK offers phone service
AOL subscribers go AWOL
AOL launches VoIP service
AOL loses two million punters
Time Warner squares AOL fraud claims with $510m settlement
AOL confirms 750 job cuts
AOL axes Nullsoft - whither Winamp, Shoutcast?

Application security programs and practises

More from The Register

next story
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
Amazon Reveals One Weird Trick: A Loss On Almost $20bn In Sales
Investors really hate it: Share price plunge as growth SLOWS in key AWS division
Bose says today is F*** With Dre Day: Beats sued in patent battle
Music gear giant seeks some of that sweet, sweet Apple pie
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Seven Steps to Software Security
Seven practical steps you can begin to take today to secure your applications and prevent the damages a successful cyber-attack can cause.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.