It seems that Time Warner has had enough of AOL, so it’s expected to announce its division and seek buyers, according to the WSJ.
If the paper is correct, Time Warner will split AOL’s dial-up services from its online advertising unit and seek a buyer for one or both new entities.
Both Microsoft and Yahoo have expressed an interest in the more lucrative online advertising unit, with Yahoo apparently offering more than what Wall Street estimates it’s worth.
The Yahoo discussions have valued AOL at around $10 billion, excluding the dial-up business. In contrast, Time Warner’s current stock price — around $14 — suggests a value of no more than $3 billion to $4 billion for the ad-sales and content businesses, some analysts say.