See the full article for more on the AOL Time Warner disaster. Gee, maybe the newly-independent AOL will next spin-out Netscape (for which AOL paid $4.2B ~10.5 years ago; AOL is currently estimated to be worth $6.3B)…
The move gives AOL chief Tim Armstrong a public company to run after he joined from Google two months ago.
The unit will keep its AOL brand name because it is recognized internationally, Armstrong said, declining to provide specifics about his strategy.
When Google bought a 5 percent stake in AOL for $1 billion in 2005, it valued the unit at about $20 billion. Time Warner said last month it was in talks to buy back the stake. Google wrote down $726 million of the investment last year.