Time Warner plans to spin off AOL
Time Warner has revealed their plans to spin off internet division AOL.
The company revealed some of the details about their upcoming plans in documents submitted to the Securities and Exchange Commission.
Time Warner has hinted in the past that they wanted to separate AOL from their core operations.
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Microsoft sells stake in Comcast
US based software giant Microsoft has revealed that they have sold its 7.26 percent stake in Comcast Corp.
This information was revealed in a company’s filing with the U.S. Securities and Exchange Commission.
The report said that the company no longer owns any stake in the largest cable provider in the United States. [...]