Time Warner fraud charge settled
The investigations have prevented Time Warner from raising finance
Media giant Time Warner is to pay $510m (£263m) to settle charges of securities fraud involving America Online (AOL).
The settlements will clear the way for Time Warner to bid for assets which are expected to come up for sale next year.
Time Warner will pay the US Department of Justice $210m and, in an unrelated case, will pay $300m to the Securities and Exchange Commission (SEC).
The probes relate to transactions between AOL and other companies prior to its merger with Time Warner in 2000.
source and full story: news.bbc.co.uk/1/hi/business/4099329.stm
The investigations have prevented Time Warner from raising finance
Media giant Time Warner is to pay $510m (£263m) to settle charges of securities fraud involving America Online (AOL).
The settlements will clear the way for Time Warner to bid for assets which are expected to come up for sale next year.
Time Warner will pay the US Department of Justice $210m and, in an unrelated case, will pay $300m to the Securities and Exchange Commission (SEC).
The probes relate to transactions between AOL and other companies prior to its merger with Time Warner in 2000.
source and full story: news.bbc.co.uk/1/hi/business/4099329.stm
