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).
AOL selling French and German businesses, says Guardian
Posted May 5th 2006 1:40PM by Dakota Smith
Filed under: Deals, Newspapers, Time Warner (TWX)
Will Rich Ross really have a positive impact on Disney's movie operations?
Consumers sick of recession, may spend extra on holidays
Corrections, seasonality and Santa Claus
Reader Comments (Page 1 of 1)
5-05-2006 @ 2:20PM
Chris said...
whats next the AOL US????? google did make a 1 Billion$ down payment in a sense!!
5-05-2006 @ 6:33PM
john whitmore said...
i hops soon