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Mergers and acquisitions, financial planning and internal audit are some of the things Arthur Minson will be handling as the new EVP and chief financial officer of AOL LLC. What's more important to AOL is Minson's past experience with AOL -- he held a corporate development/finance role -- and the...
Posted on August 28, 2009 2:22 PM
AOL LLC chief executive Tim Armstrong (pictured) is an acquisitive manager. As president of American operations at Google Inc. (NASDAQ:GOOG), where he spent nine years, he led plenty of deals. But still, even Armstrong must have been surprised to see the 900 potential business deals on AOL's hit list soon...
Posted on July 23, 2009 3:12 PM
With advice from M&A veterans such as Merrill Lynch & Co.'s former COO of Americas investment banking, Colbert Narcisse, and Ken Kharbanda, AOL LLC's former head of corporate development, startup People Capital is looking to address a growing problem in the U.S. resulting form the economic crisis. The firm is...
Posted on July 1, 2009 8:39 AM
News Corp.'s (NYSE:NWS) chief digital officer Jonathan Miller continues to stack the MySpace executive team with top talent. The latest hire, according to paidContent.org, is Sam Wick (pictured) as senior vice president of strategy. Wick previously was VP of strategy and corporate development for AOL LLC's display advertising unit Platform...
Posted on June 4, 2009 8:26 AM
There were many events leading to Time Warner Inc.'s (NYSE:TWX) spinoff of Internet unit AOL LLC -- reversing a $180 billion merger -- and we've compiled quite a bit of info. It was three years ago former TW chief Richard Parsons thwarted activist investor Carl Icahn's bid to split off...
Posted on May 28, 2009 1:00 PM
Time Warner Inc. (NYSE:TWX) offered up details Thursday on its planned spin off of AOL LLC. As we noted on Wednesday, Time Warner chief executive Jeff Bewkes has made no secret that he favored a legal separation as the best way to boost Time Warner and revive a struggling AOL. (This...
Posted on May 28, 2009 8:51 AM
Time Warner Inc.'s (NYSE:TWX) board will meet Thursday, and there's speculation it will finalize plans to spin off AOL LLC. Time Warner has hinted the separation is coming -- but has offered few details on when or how it will be accomplished. TechCrunch, citing sources close to AOL, is reporting...
Posted on May 27, 2009 10:08 AM
Time Warner Inc.'s (NYSE:TW) AOL LLC unit has lured another executive away from Google Inc. (NASDAQ:GOOG). AOL announced Thursday it has hired Jeff Levick as president of global advertising and strategy. Levick (pictured) previously headed industry development and marketing at Google, and he replaces Greg Coleman, who had been president of...
Posted on April 30, 2009 1:35 PM
News Corporation's (NYSE:NWS) Jonathan Miller (pictured) wasted little time putting his strategic stamp on MySpace. One month after being named chief digital officer, Miller is replacing MySpace founder and chief executive Chris DeWolfe and reassigning president Tom Anderson. DeWolfe will remain on the board of MySpace China and a strategic...
Posted on April 23, 2009 10:30 AM
Proponents of an AOL LLC sale or spinoff got another sign that Time Warner Inc. (NYSE:TWX) may do just that with the beleaguered Internet unit. Clearing the way for such an event, bondholders approved an amendment for outstanding debt of $12.3 billion. Each bondholder who gave consent will receive $5...
Posted on April 17, 2009 9:48 AM
So what would be on Jonathan Miller's agenda should he become the chief digital adviser to News Corp.'s (NYSE:NWS) Rupert Murdoch? Reports began circling Friday that the former chief executive of AOL and co-founder of the venture capital firm Velocity Interactive will be appointed this week to the newly created...
Posted on March 31, 2009 5:01 PM
Time Warner Inc. (NYSE:TWX) shook the head of its AOL LLC unit, replacing chairman and CEO Randy Falco and president and COO Ron Grant with nine-year Google Inc. (NASDAQ:GOOG) vet Tim Armstrong. In a statement, Web advertising expert Armstrong said, "AOL and Google have been partners for years and...
Posted on March 13, 2009 9:47 AM
For me, the ACG Tri-state gathering at 7 World Trade in New York Wednesday was enjoyable and informative in several ways. I got the usual bundle of business cards and was once again reminded of the myriad ways there are to participate in the deal economy.Along with everyone else, I...
Posted on March 12, 2009 6:01 PM
If the chance to hear keynoter Larry Silverstein (the pictured real estate developer and key player in World Trade Center projects) isn't enough to get you to go to the Association for Corporate Growth Tri-state conference Wednesday afternoon in New York, consider this: There will also be three breakout panels...
Posted on March 10, 2009 4:40 PM
Time Warner's AOL unit is playing catch-up in social media, using acquisitions to chase Facebook Inc. and News Corp.'s MySpace. According to reports on Cnet and Boomtown, it's making progress. In March of 2008 it bought social networking site Bebo, paying (some said overpaying) $850 million. Based in San Francisco,...
Posted on February 23, 2009 12:50 PM
Time Warner Inc., which just reported a $16 billion quarterly loss, has to be frustrated with Internet media company AOL LLC, which reported a 23% drop in quarterly revenue and also announced layoffs. Sharing the frustration is Google Inc., which spent $1 billion on a 5% stake in AOL in...
Posted on February 4, 2009 2:59 PM
It was reported that Time Warner Inc.'s AOL LLC is cutting 10% of its ranks, or about 700 people. AOL CEO Randy Falco provided "some perspective" on that and other cost cutting decisions, while the company tries to grow its publishing, advertising and social media businesses. However, one in-depth...
Posted on January 28, 2009 4:54 PM
Though emergency mergers of financial firms dominate the deal headlines, Thursday morning's mail brings news about two post-merger integration projections in the world of information technology -- one a potential combination, the other a work in progress.The potential combination would be a purchase of AOL LLC's Internet advertising business by...
Posted on October 9, 2008 9:59 AM
In December 2005, Google Inc. paid a high premium for a 5% stake in AOL in order to one-up Microsoft Corp. before MSFT got its hands on the Time Warner Inc. unit. Google's $1 billion investment valued AOL at $20 billion. Some analysts have suggested AOL may be worth less than $10 billion now, one ...
Posted on August 8, 2008 9:39 AM
On the eve of possible dealmaking for the two pieces of AOL LLC -- the struggling dial-up business and the more promising content and advertising side -- it's a good time to recap what Time Warner Inc. CEO Jeffrey Bewkes has been doing to build the content and ad business. Since Bewkes took over, AOL spent $850 million...
Posted on August 4, 2008 10:43 AM
Prying one business loose from another in order to sell it is a complicated exercise. From the preparation of standalone financials to sorting out intellectual property rights to devising transition services agreements and figuring out which employees are going where, there's plenty to do before you can even begin a...
Posted on August 4, 2008 9:30 AM
On Wednesday we did a roundup of senior dealmakers leaving AOL, Yahoo! and Google. Now comes news that Kevin Johnson, president of Microsoft's platforms and services division and the man who led the software giant's failed bid for Yahoo!, is leaving to become chief executive of networking and security solutions...
Posted on July 24, 2008 10:29 AM
My there's a lot of movement among top executives at the country's technology giants. The latest is Michael Adair (pictured), who has left Google Inc., where he headed North American sales finance, to be vice president of corporate development and finance at the start up Glam Media. Glam is a...
Posted on July 23, 2008 9:40 AM
Jorge Espinel, AOL's former global head of corporate strategy and M&A, has jumped to the venture capital firm run by his former boss. Espinel has joined Velocity Interactive Group, which was founded by past AOL chairman and chief executive Jonathan Miller. Miller held the top job at AOL between 2002...
Posted on July 22, 2008 3:40 PM
On the Icahn-Microsoft Corp. alliance, or "marriage of convenience": Bostock and Yang say "Icahn has made it clear that his only objective is to sell part or all of Yahoo! to Microsoft. That fact, combined with his lack of an operating plan going forward, means that he will have no leverage to negotiate a fair deal...
Posted on July 17, 2008 3:06 PM
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