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.
On June 6, 2014, Time Warner Inc. completed the separation of Time Inc. from Time Warner through a spin-off involving a pro rata dividend distribution of all of the Time Inc. common stock held by Time Warner to Time Warner shareholders.
- The distribution was made immediately after 11:59 p.m. EDT on June 6, 2014 to Time Warner shareholders of record at 5:00 p.m. EDT on May 23, 2014 (the record date for the distribution).
- Time Warner shareholders received 1 share of Time Inc. common stock for every 8 shares of Time Warner common stock they held on the record date of May 23, 2014. The distribution of shares was made in book-entry form.
- Time Warner shareholders did not receive fractional shares of Time Inc. common stock in the distribution.
- The number of shares of Time Warner common stock that you own did not change as a result of the distribution of Time Inc. shares. However, the distribution likely caused the trading price of your Time Warner shares to be lower than the trading price prior to the distribution because the post-distribution price no longer reflects the value of the Time Inc. shares that were held by Time Warner.
Please see below for more information.
Press Releases
Certain press releases related to the Time Warner Inc. – Time Inc. Separation
Other Information
- Time Inc. Information Statement
- Tax Basis Information
- Tax Information Statement to be Filed by Certain Stockholders
- Canadian Tax Information
- What are the tax consequences to Time Warner shareholders of the Time Inc. distribution?
- Time Warner shareholders 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 Information Statement, which is posted on this webpage under the heading "Other Information." See pages 35 to 38 of the Information Statement under the heading "Material U.S. Federal Income Tax Consequences of the Spin-Off."
- 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 Time Inc. common stock that you received in the distribution is explained more completely in the "Tax Basis Information" that is posted on this webpage.
Updated: September 19, 2014