GO
Loading...

Time Warner Looks to Spin Off AOL on December 9th

AOL
CNBC.com
AOL

Time Warner says it will spin off its Internet business, AOL, as a separate company on December 9th.

Time Warner Inc. said Thursday it has declared a dividend on the AOL shares it owns that will result in a complete separation of the two companies.

On December 9th, Time Warner stockholders of record November 27th will receive AOL common stock for every 11 shares of Time Warner common stock they hold.

Time Warner was initially purchased by AOL in 2001. The media conglomerate had said earlier this year it would spin off AOL after years of trying unsuccessfully to integrate the two companies.

Contact Technology

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.

Re/code

  • Co-CEO, Revere Digital; Co-Executive Editor, Re/code; and Co-Executive Producer, The Code Conference. Re/code is part of the CNBC network.

  • Co-CEO, Revere Digital; Co-Executive Editor, Re/code; and Co-Executive Producer, The Code Conference. Re/code is part of the CNBC network.

Re/code

  • Co-CEO, Revere Digital; Co-Executive Editor, Re/code; and Co-Executive Producer, The Code Conference. Re/code is part of the CNBC network.

  • Co-CEO, Revere Digital; Co-Executive Editor, Re/code; and Co-Executive Producer, The Code Conference. Re/code is part of the CNBC network.

Squawk Alley