Thursday, November 02, 2006

AOL not for sale after all?

Dick Parsons, Chairman of Time Warner, has stated that he wants to hang onto AOL after all, which is not very surprising given recent performance.

He also seems to want to hang onto Time Warner Cable which I thought they were planning to spin off??

Mind you this could all just be corporate mumbo jumbo for "you can have AOL really, you'll just have to pay more for it now."

That probably means closer to $20bn - which may rule Yahoo out! That just leaves Microsoft or Google - who have more wedge/market cap!

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