AOL and Time Warner go their separate ways

Wed 09 Dec 2009 Comment

AOL and Time Warner have announced their split after almost ten years as one company. The two officially merged back in 2001 when AOL was enjoying a peak of success from its popular dial-up internet business.

Acknowledging the split, qualified shareholders look set to receive one AOL share for every eleven Time Warner shares they own. AOL’s separate shares will begin trading again tomorrow with word suggesting they will be using the original market ticker symbol they used before the split.

The split doesn’t come without warning. Back in May Time Warner announced it was looking to separate from the internet company so it could concentrate on running cable channels, film studios and publishing houses.

AOL is still offering a couple of 8Mb broadband options both with 10GB download caps. Until the 20 December its rolling one month contract broadband package is offered with an introductory price of £4.99 for the first three months and £14.99 thereafter (£29.99 set-up). Alternatively, it also has an extended introductory offer on its 18-month contract. Initially free for the first month the price is set at £4.99 for two months, changing to £14.99 for the remainder of the contract.

For a full write-up of AOL's packages and reviews from readers visit Broadband Genie's Provider Reviews section.

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