Time Warner to Show AOL the Door Dec. 9
Time Warner said Monday that it will spin off its Internet business, AOL, as a separate company on Dec. 9. On that date, Time Warner shareholders of record as of Nov. 27 will receive one share of AOL common stock for every 11 shares of Time Warner common stock they hold, the media company said. AOL said in a Monday regulatory filing that it will start out with about 105.7 million common shares, based on the amount of shares of Time Warner stock it expects to be outstanding as of Nov. 27.
More here:
Time Warner to Show AOL the Door Dec. 9
Tags: analytics, business, classifieds, communications, critical-issues, deals, discussion, google, hardware, linux, microsoft, podcasts, security, software, technology, television, trends, view-sample, wireless
