AOL to lay off a third of staff
It's been a long decade, but AOL will once again be an independently traded company on December 7, when Time Warner will spin off shares. Every Time Warner shareholder (disclosure: including me, from when I was employed there) will receive shares in AOL using the following formula: one share of AOL will be distributed for every 11 shares held in Time Warner. In other words, we finally have an approximate market capitalization for AOL. The business will be valued at 1/11th the value of Time Warner. At today's market cap of $37.8 billion for Time Warner, based on a closing price of $32, that implies a $3.4 billion market cap for AOL. Unless Time Warner shares surge over the next few weeks, it will be in that ballpark.
AOL to lay off a third of staff
AOL, the struggling Internet company, plans to cut about a third of its workers if its planned spinoff from Time Warner Inc. ...
Thu 19 Nov 09 from USA today
AOL to lay off a third of staff, Thu 19 Nov 09 from AP
AOL to cut a third of staff
(AP) -- AOL Inc., the struggling Internet company, is asking for 2,500 volunteers to accept buyouts, looking to cut its work force by at least a third as it prepares to spin off from Time Warner ...
Thu 19 Nov 09 from PhysOrg
Time Warner set to spin off AOL
Time Warner said that it will spin off its internet business, AOL, as a separate company on 9 December.
Tue 17 Nov 09 from The Independent
AOL expects more layoffs in spinoff
New regulatory filings suggest that more layoffs could be coming at AOL as the Internet company separates from Time Warner by the end of the year.
Fri 13 Nov 09 from The Washington Post
AOL to log additional $200M in restructuring costs
(AP) -- New regulatory filings suggest many more layoffs could be coming at AOL LLC as it separates from Time Warner Inc. by the end of the year.
Thu 12 Nov 09 from PhysOrg
AOL to log additional $200M in restructuring costs, Thu 12 Nov 09 from AP
AOL lays off 100 employees ahead of spinoff
SAN FRANCISCO -- Internet company AOL LLC, which will soon be spun off from parent Time Warner Inc., laid off about 100 full-time employees Tuesday.
Wed 11 Nov 09 from The Washington Post
When AOL Spins Off On December 7, It Will Be Worth About $3.4 Billion
It's been a long decade, but AOL will once again be an independently traded company on December 7, when Time Warner will spin off shares. Every Time Warner shareholder (disclosure: including ...
Mon 16 Nov 09 from TechCrunch
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