Time Warner mulling over future of AOL

Rumours abound

By David Becker, 18 March 2004 08:15

NEWS Time Warner is considering strategic alternatives for its America Online division including a possible sale, spin-off or a significant restructuring, the New York Post reported on Wednesday.

In a story citing unnamed sources, the Post said that people at Time Warner's banker Goldman Sachs are preparing a proposal for the internet business.

Executives are expected to consider the various options for the division after Time Warner's next board meeting in April, the story said.

Talk of an AOL sale or spin-off is a "rumour" and the company talks to bankers all the time, Time Warner spokesman Ed Adler told the Post.

Time Warner was not immediately available to comment.

Post your comment

In order to post a comment you need to be registered and logged in.

Log in or create your silicon.com account below

Will not be displayed with your comment

By signing up for this service, you indicate that you agree to our Terms and Conditions and have read and understood our Privacy Policy.

Questions about membership? Find the answers in the Membership FAQ