RealTime IT News

AOL Europe to Be Floated?

AOL president Michael Lynton tells Handelsblatt a flotation of AOL Europe is definitely being considered

According to an interview in the German newspaper, a flotation of AOL's European operations is on the cards, possibly when market conditions improve.

Lynton also dismissed rumours that the merger with Time Warner would lead to sizeable European redundancies, but Lynton denied that this would be the case. He said saying that subsidiaries in Europe will profit from the wider range of content open to them.

Lynton also commented on AOL's profitability in Europe, saying he is unable to say when the operations will turn to profit, although he did comment that AOL's business model, made up of a mix of consumer access charges, advertising revenue and ecommerce activity, is viable.