AOL Anticipation Over Sale of Units
Remember ye olde days of the Internet? Ah, the days when page counters were the greatest thing to slap onto a website. The whrrriinngg noise the modem would make when you would start to connect to the phone line. And, of course, the *ding* of AOL announcing that You’ve Got Mail! (not email, but mail, as if it were actually a member of the U.S. Postal Service).
So how’s that giant Internet conglomerate holding up nowadays?
AOL and Yahoo Talking About Selling
In recent months, there’s been quite a bit of talk regarding the sale of AOL. The Internet company decided some time ago to separate the ISP business, which still has 8.7 million subscribers, from the advertising and content side of business. The talks have included some conversations with Yahoo, and the union of AOL with someone else is sure to bring up the market value of Time Warner. Most of the dividing of assets and liabilities has been finished, according to the Wall Street Journal. AOL is worth around $7 billion, but Time Warner will be looking for a higher bid.
So which side is going to sell? Who will own AOL now? The details have yet to be determined, but so far, the outlook for the once mighty Internet service provider looks grim. Let’s hope AOL has a brighter, more profitable future ahead.
