Update: We've just received a response from an AOL India spokesperson, categorically stating that AOL will retain AOL India: "We would like to clarify and state that these reports are based on a misreading of our SEC filing and drew the wrong conclusion. AOL India, is an integral part of AOL's operations and will remain with AOL once the separation from Time Warner is complete." Original story (Oct 27, 2009, 00:09 AM IST): AOL, in a filing with the USA's Securities & Exchange Commission (SEC), has said that Time Warner might choose not to have "AOL LLC transfer its shares in AOL Online India Private Limited (the “AOL Online Shares”) in the Asset Distribution," reports PaidContent. The Asset Distribution involves the transfer of AOL LLC assets and liabilities to AOL the yet-to-be-formed listed entity AOL. AOL has two companies registered in India - AOL Online India Private Limited and AOL Interactive Media India Private Limited. The company operates the website AOL.in in the country, launched two years ago. It's important to note that AOLs International business is headquartered in India, and with over 1000 employees, India has employs the largest number of employees for AOL outside of the United States. International employees primarily support AOLs US operations. AOLs call center operations had been acquired by Aegis in March 2008. We've contacted AOL for comments on why Time Warner wants to keep the option to retail AOL India open. The text of the filing (check Step 4): Internal Transactions The Internal Transactions will take place in the following…
- China state-backed hacking groups reportedly targeted India and other countries; here’s what we don’t know February 23, 2024
- Microsoft Announces Automation of Risk Identification Process for Generative AI Systems February 23, 2024
- IRCTC announces tie-up with Swiggy for food delivery services February 23, 2024
- MoS IT Rajeev Chandrasekhar accuses Google’s chatbot Gemini of violating IT Rules February 23, 2024
- Google releases open-source AI model called Gemma February 23, 2024
The Minister's response came after an X user posted answers generated by Gemini regarding Prime Minister Narendra Modi.
Vaishnaw said that in the next five years, there will be significant disruptions in the way telecom technology operates.
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...
The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...
Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...
Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...
RBI Deputy Governor Rabi Shankar called for self-regulation in the fintech sector, but here's why we disagree with his stance.
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...