Time Warner to spin off AOL->
Submitted
by
MikePo
MikePo writes "Media giant Time Warner announced Thursday morning that it will cast off its AOL division to become a standalone company.
Before that separation can take place, Time Warner will buy the 5 percent of AOL owned by Google so that it will have 100 percent control of AOL. Time Warner expects the transaction with Google to take place in the third quarter and the final AOL spinoff around the end of the year."
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