Nearly nine years after what many consider the worst merger in history, AOL and Time Warner will finally be divorced.
AOL-Time Warner, first created in 2000 when AOL purchased Time Warner for $164 billion, will officially dissolve on December 9th when AOL will be spun off as its own, independent company. Time Warner shareholders will receive one AOL share for every 11 Time Warner shares that they own.
It's clear to many that AOL has fallen dramatically from his high point in the early 2000s, when its Internet dial-up business was booming. Now though, the company's only valued at around $5.7 billion, the valuation Google set when it sold its 5% of AOL back to Time Warner in July.