Google to Shed AOL Stake; Demands Either Sale or Spin Off

More than three years after paying $1 billion for a 5% stake in Time Warner's (NYSE: TWX) AOL, Google (NASD: GOOG) now wants to recoup what's left of its money. During a conference call on Wednesday, Time Warner executives revealed that Google plans to exercise its "demand registration rights," which would force parent Time Warner either to buy back AOL's stake or spin off the unit into a public company.

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