Feeds

AOL Europe kicks off strategic review

Favours partnerships - not sale

Designing a Defense for Mobile Applications

Time Warner has hired bankers Citigroup to conduct a strategic review of its AOL Europe business as part of fresh plans to expand its operation.

Contrary to a flurry of recent press reports, the sale of parts of AOL Europe is not top of Time Warner's agenda.

Instead, the US media giant is keen to pursue partnerships or third party agreements - much like the $1bn deal it struck with Google last year - to develop its business in Europe.

In an email seen by The Register, AOL Europe chairman Philip Rowley said that teaming up with other firms is the way forward for the internet giant.

"Time Warner is now conducting a strategic review of AOL Europe, the business models and ownership structure that are in place in each country, and whether and how those models can be shaped, changed, and improved," he said the in the email.

"It is envisaged that there will be conversations with potential partners about a number of ways we can work together, and we welcome that. Partnerships can take many forms, for example, ours with Google."

An industry source familiar with the situation told us that sale of parts of the business couldn't be ruled out, but it is not thought to be a top priority for execs.

"Talk of selling parts of AOL France and AOL Germany are a bit premature," the source said. "AOL Europe is gearing up for expansion...and sees the creation of partnerships as the way forward.

Last year Time Warner carried out a similar review of its business in the US sparking plenty of stories about the sale of the business. At the time Microsoft and Yahoo! were linked with a possible buy-out but in the end, AOL teamed up with Google which took a five per cent stake in AOL in exchange for a $1bn investment. ®

The smart choice: opportunity from uncertainty

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
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
Airbus promises Wi-Fi – yay – and 3D movies (meh) in new A330
If the person in front reclines their seat, this could get interesting
UK Parliament rubber-stamps EMERGENCY data grab 'n' keep bill
Just 49 MPs oppose Drip's rushed timetable
Samsung threatens to cut ties with supplier over child labour allegations
Vows to uphold 'zero tolerance' policy on underage workers
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
prev story

Whitepapers

Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.