AOL Spinoff Set for Dec. 9

Susan Hall

Time Warner has finally set a date for its messy divorce from AOL: Dec. 9. USA Today calls it "one of the most disastrous mergers in business history."

 

Reuters puts the value of the new company at around $3.5 billion, based on Time Warner's decision to offer a dividend to shareholders of one AOL share for every 11 shares of Time Warner common stock they hold.

 

In his turnaround bid, CEO Tim Armstrong is stressing content, but the company remains too dependent on subscriber traffic, according to Silicon Alley Insider.



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