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AOL moves step closer to spin off

Written on
Apr 7, 2009 
Author
Edward Barrera  |
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AOL moves step closer to spin off

aol_small.jpgADOTAS — Time Warner has asked its debt holders to adjust terms, which could make disposing its troubled AOL assets easier.

The move comes on the heels of AOL’s new chief executive, Tim Armstrong.  Sanford C. Bernstein & Co. analyst Michael Nathanson, told the WSJ that AOL was worth about $2.4 billion on AOL as a stand-alone company.

“This potential move, along with the recent hiring of Tim Armstrong, suggests that the spinning of AOL could likely be announced in the next few months,” Nathanson told the WSJ.

AOL assets include its dial-up Internet access business, as well as an online ad network called Platform A, a variety of sites like MapQuest and TMZ, and a social-networking business that includes AOL Instant Messenger.





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