The Deal
Tuesday, November 24, 
8:54 pm

Time Warner redux ahead

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It's been over a year since Carl Icahn challenged management at Time Warner Inc., and while he was unsuccessful at winning a board seat, perhaps his efforts were not for nothing as the company is exploring a number of restructuring options. Various reports indicate the media giant is taking a "hard look" at unloading parts of AOL LLC and its cable subsidiary. None of the news is entirely surprising or new, but unlike prior reports that were basically speculation on the part of Wall Street analysts, the stories are based on comments CEO Dick Parsons made Tuesday at a media conference. —Matthew Wurtzel

See story from The Financial Times
See story from Reuters
See AOL Dealwatch for a history of its restructuring
See Icahn Dealwatch for an overview of his proxy fights

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From: Samir,

Time Warner and HP made a deal today to try and expand AOL overseas. Probably too little, too late for AOL. At this point it looks like Time Warner will probably have to sell AOL maybe sometime next year. Yahoo! has to be considered a serious buyer, they have the reasons and the finances and the connections to Time Warner. Check out these Knowledge Maps http://www.newsvisual.com/newsvisual/2007/07/what-to-do-with.html from NewsVisual that show connections between the CEOs of Time Warner and Yahoo! and also just between the two companies.


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