Ichan Puts Time Warner Board On The Line Regarding America Online

  • December 1, 2005
Time Warner dissident shareholder Carl Icahn made headlines Wednesday threatening to hold board members "personally" responsible if the company sold AOL too cheaply. He indicated in a speech to the New York Society of Security Analysts that Time Warner had rejected potential suitors from bidding for AOL. Icahn didn't specify which companies he was referring to, but it's been widely reported that discussions about AOL between Time Warner and Yahoo! faltered last month. Microsoft remains interested in acquiring a piece of AOL, as are Google and Comcast. A Time Warner spokeswoman Wednesday declined to specifically respond to Icahn's statement about AOL. -- Wendy Davis
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