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Updated: Time Warner May Retain AOL Online India Pvt Ltd

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…

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Founder @ MediaNama. TED Fellow. Asia21 Fellow @ Asia Society. Co-founder SaveTheInternet.in and Internet Freedom Foundation. Advisory board @ CyberBRICS

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