Liberty Media Interested in AOL Dial-Up Deal
Reuters is reporting that Liberty Media is interested in discussing a deal to swap Time Warner stock for AOL’s dial-up Internet business, Liberty chairman John Malone said on Monday. This would put Liberty in contention with Earthlink, who is also looking to dial up a deal with AOL for the same division.
“Clearly an exit from the Time Warner equity state into a cash-generating asset would be attractive, but at the current time, none have been proposed that we could take action on,” Malone said in a conference call with reporters.
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