Time Warner edges closer to listing AOL

Time Warner has formalized its intent to spin off troubled internet division AOL, informing the US Securities and Exchange Commission on its separation plans this week.

The SEC notification is the first step towards a public listing of AOL. Time Warner did not reveal a time frame for the divestment. However, the company has maintained its focus on making AOL an independent publicly-traded company before the end of the year.

Once the proposed separation is complete, Time Warner shareholders will own all of the outstanding interests in AOL.

Meanwhile, in executive moves AOL  has promoted Bebo VP and COO Stephane Panier to head the social networks global operations. Panier will report to directly to Jon Brod, EVP of AOL Ventures, which Bebo now sits under following a recent company restructure.  AOL purchased Bebo for €600 million in 2008, and has stated that despite the tumult it plans to keep the asset.

Panier joined Bebo last year from Google where he worked for six years in  senior finance and operations positions.

 

Suggested Articles

Wireless operators can provide 5G services with spectrum bands both above and below 6 GHz—but that doesn't mean that all countries will let them.

Here are the stories we’re tracking today.

The 5G Mobile Network Architecture research project will implement two 5G use cases in real-world test beds.