With no buyers in sight, Time Warner finally to spin off AOL"There are still a couple of hurdles the spinoff will have to clear. Google owns a five percent stake in AOL, and Time Warner will have to buy that off the search giant before it can complete the transaction. There will also be a lot of internal bookkeeping maneuvers needed to surgically remove AOL from its parent, and the SEC will have to approve all of them. Still, there's no reason to expect that either of these represent an insurmountable barrier to the separation. When the process is complete, Time Warner shareholders will own all of the outstanding shares of AOL, and can trade them on public exchanges."
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