Time Warner, the world's largest media, announced that will provide AOL Internet unit into a separate company, reports CNet News. Prior to this, Time Warner bought out the Google-five per cent shares of AOL, bringing its share to 100 percent. As expected, the deal with Google will be held in the third quarter of 2009 and fourth quarter of AOL will own the company.
In mid-July 2008, Time Warner negotiated on the sale of AOL, Microsoft or Yahoo!. The parties did not comment on possible transactions. As reported in the case of Yahoo! it could be a merger with AOL. In this case, Time Warner inherited a small share of the combined company. In the case of negotiations with Microsoft, talked about the sale of AOL.
In February 2009, Time Warner announced a net loss in the fourth quarter of 2008 of $ 16 billion dollars. Financial losses arose due to the write-off of assets amounting to 25 billion dollars, as well as the reduction of advertising revenue, and AOL Journals Group Time.
Holding Time Warner in its present form was created in 2001 following the merger of Time Warner and AOL. Holding is engaged in the production of film and video, telecommunications, and production of magazines, including Time, Sports Illustrated and Fortune.
AOL offers access to online services and bulletin boards. Companies owned social network Bebo, popular internet paging ICQ and AIM, as well as media Winamp.
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