The world’s number one internet service provider AOL is considering flotation of its European division.
President Michael Lynton told German daily business paper Handelsblatt that there is a definite possibility of floating AOL Europe. However, there is as yet no schedule for an IPO, since the company wants to wait until market conditions improve.
He also denied speculation that AOL’s recent merger with Time Warner would lead to major lay-offs in Europe.
Lynton went on to insist that AOL’s business model is viable, even though he could not say when its European business might actually make a profit.
News Source: Handelsblatt (Germany)