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Time Warner Corporate Actions

Time Warner Inc. has engaged in a number of mergers, acquisitions and other corporate actions over the years, which have resulted in payments in cash, stock and/or other forms of consideration. The following tabs include information on significant corporate actions completed since 2009.

AOL Separation

On December 9, 2009, Time Warner Inc. completed the spin-off of AOL Inc. through a spin-off involving a pro rata dividend distribution of all of the AOL common stock held by Time Warner to Time Warner stockholders. The distribution was made on December 9, 2009 to Time Warner stockholders of record at 5:00 p.m. on November 27, 2009 (the record date for the distribution).

  • Time Warner stockholders received 1 share of AOL common stock for every 11 shares of Time Warner common stock they held on the record date of November 27, 2009. The distribution of shares was made in book-entry form. Time Warner stockholders did not receive fractional shares of AOL common stock in the distribution.
  • The number of shares of Time Warner common stock that you held prior to the spin-off did not change as a result of the distribution of AOL shares. However, the trading price of your Time Warner shares no longer reflects the value of AOL.

Please see below for more information.

Press Releases

Certain press releases related to the Time Warner Inc.- AOL Separation

Other Information

  • Tax Information Statement (including Cost Basis Calculation)
  • Canadian Tax Information Statement
  • AOL Information Statement
  • What are the tax consequences to Time Warner stockholders of the AOL distribution?
    • Time Warner stockholders are not expected to recognize any gain or loss for U.S. federal income tax purposes, except with respect to cash received in lieu of fractional shares. The tax consequences of the distribution are explained more fully in the Tax Information Statement, noting especially pages 33 to 35 under the heading “Material U.S. Federal Income Tax Consequences of the Spin-Off.” The Tax Information Statement is above or click here for more information.
    • You are urged to consult your own tax advisor regarding the particular consequences of the distribution to you, including the applicability and effect of any U.S. federal, state and local, Canadian federal, provincial and territorial and other foreign tax laws.
    • Information regarding the determination of the tax basis in your Time Warner common stock and the AOL common stock that you received in the distribution is explained more completely in the “Tax Information Statement” that is posted above or click here for more information.