AOL Officially Separates From Time Warner

AOL Officially Separates From Time Warner

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.

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