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The final important date is July 1, when Google, which bought a 5percentt stake in America Online in 2005, can force Time Warner to either take AOL public or buy back Google's stake at "fair market value".
When he took AOL public the first time twenty years ago, "80percentt of offerings were under $50 million".
Last month Google wrote down the value of that stake by $726 million and exercised its right to have Time Warner buy back the stake at "fair market value" as of July 1 , 2008 or take AOL public.
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AOL became a public company in 1992.
The company has considered selling a stake in AOL to the public and has concluded that the move is not currently necessary, the chief executive, Richard D. Parsons, said at Time Warner's annual meeting in New York.
"With rare exceptions, like Microsoft and the Time Warner-AOL deal, the public is not engaged in antitrust issues," he said.
May 2 , 2012Dear Fellow Stockholder: Since AOL became an independent public company in late 2009, AOL's Board of Directors ("Board") and senior management have successfully charted a new strategic and financial course for the Company.
Microsoft has bid cash and shares, whereas both MySpace and AOL are subsidiaries without a public market.
AOL will be running a public education campaign in the coming months to inform Web users about the upside of behavioral targeting, which includes getting offers for products and services that could potentially be helpful or appealing.
The deal killer in any media company deal with Yahoo is that Yahoo shareholders have to accept a value for either MySpace or AOL when there is no public market to evaluate whether the price is right.
America Online aol owns stakes in 18 public companies worth about $400 million, and at least two of its 18 closely held companies plan to go public soon, a company official told Bloomberg News.
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