Time Warner, U.S. settle AOL charges

20.12.2004
Von Computerworld staff

Time Warner Inc. will pay the U.S. government $210 million to settle charges that its America Online Inc. unit fraudulently inflated revenue figures, court documents showed. Time Warner is also expected to pay about $300 million to settle civil charges by the U.S. Securities and Exchange Commission related to its buyout of an AOL stake held by Bertelsmann AG, a source said. The charges will be dropped in 24 months if AOL follows the terms of the deal.