Legal Research

It’s Just So Obvious — They Never Leveraged the Synergies

The Washington Post reports today that Time Warner would really, really, really love to spin off the red-headed stepchild they got stuck with, AOL:

“The Company continues to review its strategic alternatives with respect to AOL. Although the Company’s Board of Directors has not made any decision, the Company currently anticipates that it would initiate a process to spin off one or more parts of the businesses of AOL to Time Warner’s stockholders, in one or a series of transactions. Based on the results of the Company’s review, future market conditions or the availability of more favorable strategic opportunities that may arise before a transaction is completed, the Company may decide to pursue an alternative other than a spin-off with respect to either or both of AOL's businesses.”

This nugget can be gleaned from TW’s 10-Q SEC filing (see the second paragraph on page 5).

Show of hands: anybody out there think that AOL-TIme Warner made any kinda sense? In the back, are you raising your hand? No? OK …

Full post as published by Jenkins Webblits on April 29, 2009 (boomark / email).