AOL selling French and German businesses, says Guardian

Posted May 5th 2006 1:40PM by Dakota Smith
Filed under: Deals, Newspapers, Time Warner (TWX)

The Guardian is reporting that AOL has put its French and German businesses up for sale, as hinted during the earnings conference call Wednesday morning [Sarah Gilbert's note: scroll all the way to the bottom and note: Wayne and Dick chuckled at the question from Citigroup analyst Jason Bazinet! Chuckled! They are so called out!].

The company will keep its British business, and continue to operate Internet portals in Germany and France. According to the paper, AOL's operations in both countries have struggled against France Telecom and Deutsche Telekom. Citigroup is said to have been retained to sell the businesses, which analysts estimate to be worth a total of €700m (£480m).

Tags: aol, aol europe, aol international, AolEurope, AolInternational, citigroup, deutche telekom, DeutcheTelekom, europe, france, france telecom, FranceTelecom, french, german, germany, time warner, TimeWarner, twx