The Guardian
topics

AOL Keeping Its Venture Investments And AOL India

Last week I reported, based on AOL’s spinoff SEC filing, that Time Warner (NYSE: TWX) may be retaining AOL India and AOL’s venture investments. Turns out neither is happening, and was based on my misreading of the SEC filings. On AOL India, the company has denied Time Warner would be keeping it; it will, as planned, go with AOL’s spinoff. This is what was in the filing: “TWX may determine not to have AOL LLC transfer its shares in AOL Online India Private Limited (the “AOL Online Shares”) in the Asset Distribution.” Seems confusing enough on second reading, so we’ll take the PR’s word for it. There, that mystery is solved.

Secondly, another story I did said that Time Warner may retain AOL’s venture investments in Brightcove, Inc., 360 Intellectual Equity, LLC, Kayak Software Corporation, Lat34, LLC (f/k/a Fusion Entertainment, LLC), Advanced Commerce Strategies, Inc. (ACSI), Orb Networks, Inc., Cranberry Properties, LLC, Jonas-MGX JV and Advertising.com Kabushiki-Kiasha. Turns out, that’s not happening either. AOL will retain these investments and they will go with the spinoff. Again, my fault. Then, on the rumor that TW Investments was looking to divest itself of non-core investments (not directly beneficial to Time Warner after the AOL spinoff) to secondary VC firms, a source tells me that isn’t true. At least not for now. There might be some confusion in the market about some joint investments that spinoff Time Warner Cable (NYSE: TWC) held along with Time Warner, but not related to AOL.

Nov 3, 2009 4:29 PM ET

AOL Running Man Statue Photo: AP Images

Share

Posted In: Companies, AOL, Time Warner, Countries, Asia, India

India’s Digital News Monitor | contentSutra Newsletter

Know something we don’t?

Send Us a News Tip

All tips are anonymous and untraced.

Contributors