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Time Warner closer to AOL spinoff or sale (from Corporate Dealmaker)

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

AOL hires Google's Armstrong as CEO (from Corporate Dealmaker)

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