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AOL Officially Separates From Time Warner

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After seven months of preparation, AOL is set to be officially independent of media giant Time Warner Inc., closing the book on their disastrous 2001 merger and opening a new chapter for the struggling Internet company.

AOL Inc. will be a slimmer, more focused company, preparing to battle against Google Inc., Yahoo Inc. and Microsoft Corp. in the $29 billion U.S. market for online advertising. It is betting on a strategy centered on becoming the top creator of news, information, entertainment and other digital content.

Read the whole story at Wall Street Journal