10-Q Watch: Time Warner Tells Google Will Buy Back Its 5 Percent AOL Stake, Prepping For Spin

Updated: Time Warner, which is in the process of deciding whether or not to spin off AOL, has told Google (NSDQ: GOOG) it will buy back the 5 percent of AOL the search company acquired in 2006. Next step: a fair-market appraisal of the value. From the 10-Q filed this morning:

“In late January 2009, Google exercised its right to request that AOL register Google

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