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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
How do you make money showing a wildly popular video of lions getting punked by some buffalo? According to Google Inc. (NASDAQ:GOOG), the trick is to anticipate which videos will go viral and then bring in advertisers before they do. Three years after paying $1.65 billion for YouTube Inc.,...
Posted on August 25, 2009 3:55 PM
Who's watching what, for how long, and how can we make some money out of it? To find the answers to those questions, Time Warner Inc. (NYSE:TWX) is expanding its existing relationship with the Nielsen Co. The companies on Wednesday announced a deal that brings together the Nielsen services subscribed...
Posted on August 19, 2009 4:02 PM
AOL LLC chief executive Tim Armstrong (pictured) isn't letting his company's spin off from parent Time Warner Inc. (NYSE:TWX) distract him from doing deals. AOL on Thursday acquired Patch Media Corp and Going Inc. Both companies allow users to search for content specific to local communities, an area that will be...
Posted on June 11, 2009 3:56 PM
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.'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
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
Redwood City, Calif.-based video game developer and publisher Electronic Arts Inc. (NASDAQ:ERTS) lost $454 million last year. Its stock price has been depressed since November (it lost 60% between August and November). And in September, EA abandoned its bid to acquire rival Take-Two Interactive Inc. (NASDAQ:TTWO) -- maker of...
Posted on March 26, 2009 12:05 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
Time Warner Inc. is raising its stake in Eidos plc, maker of such games as "Tomb Raider" and "Hitman," to nearly 20%, according to Reuters.Meanwhile there's been some speculation that Walt Disney Co. might be interested in buying Electronic Arts Inc., maker of such sports games as "Madden" and "Tiger...
Posted on December 15, 2008 4:10 PM
Think three tracking stocks are a little much for a single parent company? Then you and John Malone (pictured) have something in common. Liberty Media Corp. said Wednesday that it will split off Liberty Entertainment Group, one of its three trackers, to increase the company's maneuverability and strengthen its stock...
Posted on September 4, 2008 8:34 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
In a number of posts, we've touched upon the deal activity generated by companies driving into new geographies. Which raises an interesting question: Is all this cross-border activity boosting demand for corporate dealmakers who have international experience?A few minutes with the advanced-search function on our favorite jobs site, Indeed, yields...
Posted on June 30, 2008 1:30 PM
Dealmaking lends itself to certain axioms: Talk less and listen more; beware of deal fever; cherish certainty of closing. To these I would add a personal favorite -- avoid joint ventures whenever possible. No one would argue with a straight face that a joint venture is the optimum business...
Posted on June 1, 2008 11:00 AM
Time Warner Inc. announced details on Wednesday of its plan to spin off Time Warner Cable to investors. Because of its complex ownership structure, the separation will take place in several steps, beginning with Time Warner lifting its stake to 85.2% from 84% and ending with the company receiving a...
Posted on May 21, 2008 8:40 AM
Economic slowdowns usually give rise to corporate sell-offs. But doesn't it seem that there are an unusual number of high-profile divestitures in the news right now? Consider:Dr Pepper Snapple Group Inc. is now officially independent from Cadbury plc, having begun trading Wednesday on the NYSE. Auto parts maker ArvinMeritor Inc. said Tuesday...
Posted on May 7, 2008 1:55 PM
Time Warner Inc. reported Wednesday that net income for the first quarter dropped to $771 million from $1.2 billion for the same period in 2007. CEO Jeffrey Bewkes has enacted two major plans to simplify the corporate structure at his New York-based entertainment and media conglomerate. At the center of...
Posted on April 30, 2008 9:32 AM
Comcast Corp., Time Warner Cable Inc., Cox Communications Inc. and Advance/Newhouse Communications said they are pulling out of a $200 million mobile joint venture, known as Pivot, with Sprint Nextel Corp. "We both decided that the product that was designed was too operationally complex -- dependent on too many...
Posted on April 23, 2008 5:42 PM
The merger scuffle between Yahoo! Inc. and Microsoft Corp. got even more interesting Thursday, as reports surfaced that Microsoft and News Corp. may jointly bid for the search engine.Yahoo! has already rejected Microsoft's $44.6 billion bid, saying the offering price isn't enough. In February, reports surfaced that Yahoo! would...
Posted on April 10, 2008 10:16 AM
While private equity attracts attention for investment blowups rather than buying companies (example: Carlyle Capital), strategics remain active. Wednesday we wrote about AOL LLC and its recent...
Posted on March 13, 2008 1:42 PM
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