Time Warner is close to spinning off all of its AOL Internet business, according to several reports. Although a decision has not been finalised, executives prefer spinning off the whole division rather than a part.

Since Microsoft launched a bid to take over Yahoo last year, Time Warner has attempted to find potential combinations of AOL with either Yahoo or Microsoft, with little success. A decision to spin off AOL would help erase what is considered one of the worst corporate mergers in history.

Time Warner wrote down the value of the division by nearly $100 billion a year after the deal’s 2001 close and it has lagged rivals in advertising growth.

Other posts by :

1. Bank: LBG Media results “in line”
2. WBD: Surprise, surprise… not
3. SpaceX to lose Moon Lander contract?
4. Arianespace 64 delayed – again
5. Oman’s Spaceport ready for fast-track launches
6. Bank uplifts RocketLab
7. AST SpaceMobile’s BlueBird/FM1 en route to India
8. D2D satellite battle hots up
9. Eutelsat share price rockets

Categories: Articles, Broadband, Business, M&A