Time Warner spinning off AOL

28 May 2009

It was a marriage that never really worked, but you have to give them credit for trying as long as they did. Time Warner said it's spinning off AOL into its own publicly traded company, calling it quits after eight years.

Time Warner owns 95 percent of AOL. A 5 percent stake is held by Google. The company said it would buy out Google's share in Q3.

"For AOL, becoming a standalone

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Jim Townsend