AOL Spinoff: Stuff That Time Warner Will Retain, Including Corp Jets & Venture Investments


More from AOL (NYSE: TWX) Inc’s spinoff filing this morning: some details on what all Time Warner will retain, besides the possibility of AOL India as we mentioned in the previous posting. Among them:
— 11 different internet-related patents including one about website registration system
— AOL’s interest in three different Gulfstream Aerospace corporate jets and one Raytheon Hawker jet
— Interestingly, AOL’s minority investments in Brightcove, Inc., 360 Intellectual Equity, LLC, Kayak Software Corporation, Lat34, LLC (f/k/a Fusion Entertainment, LLC), Advanced Commerce Strategies, Inc. (ACSI), Orb Networks, Inc., Cranberry Properties, LLC, Jonas-MGX JV and Kabushiki-Kiasha. Which means perhaps Time Warner Investments may take over the management of these interests. I had heard a rumor couple of months ago that TW Investments was looking to divest off non-core investments (not directly beneficial to Time Warner after AOL spinoff) to secondary VC firms, but was not able to confirm it with any of the portfolio companies. More on that if we find out more, as warranted. For now, here’s the TW Investments portfolio.
— Office spaces on lease to AOL in Time Warner Plaza and Rockefeller Center (through lease with NBCU)
— Hundreds of useless domain names from another era, including, and That one we kinda guessed.



Interesting that the spin off is supposed to happen in 2009 and we are down to the last two months and not getting much noise out of TWX concerning this.

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