Full circle (radically downsized…)
The media conglomerate Time Warner said on Monday that it would spin off its AOL unit to shareholders on Dec. 9, almost nine tumultuous years after one of the most disastrous corporate mergers in history.
Time Warner shareholders of record on Nov. 27 will receive a dividend in the form of one AOL share for every 11 shares of Time Warner common stock they hold, valuing the company at around $3.5 billion.
Time Warner to Spin Off AOL in Share Distribution - NYTimes.com
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