AOL Europe rubbishes takeover rumours
8 January 2004
Rumours that AOL was to be sold have been brushed off by Time Warner chief executive Richard Parsons.
Describing AOL's financial turnaround from difficulty to likely to profit this year, as 'a pretty interesting success story', Mr Parsons said AOL still remains highly profitable.
Speaking at a conference, he explained: 'We are beginning to turn the telescope around, now we are going to start looking outside the company for opportunities to enhance our growth prospects.
'We intend to have a different approach than we have had for the last 18 months.'
However, Wanadoo's chairman revealed this week that that he is interested in all opportunities to expand his company's European presence, including a purchase of AOL Europe.
Admitting both companies have not had talks about the matter, a France Telecom spokeswoman told Computer Weekly magazine that Wanadoo aims to strengthen its business in Europe and so it studies all options.
Now rumours are flourishing over Deustche Telekom and T-Online's proposed actions on the Internet, Deutsche Telekom still expressing an interest and T-Online confirming it had a surplus capital of more than €4 billion.
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