MUMBAI: Time Warner will spinoff AOL Inc into a separate business from 9 December.

Time Warner board of directors has approved the final distribution ratio and declared a pro rata dividend of the shares of AOL common stock that it owns. This will result in the complete legal and structural separation of the two companies.
 
On 9 December, Time Warner stockholders of record of 27 November will get one share of AOL common stock for every 11 shares of the Time Warner common stock they have.

The company‘s share will be traded on a ‘when-issued‘ basis under the symbol ‘AOL WI‘ from 24 November to 9 December. Starting 10 December, AOL shares will start trading the regular way under the symbol ‘AOL‘. 
 
Acquired in 2001, Time Warner had announced plans to spin off the AOL business after a string of unsuccessful trials to integrate the two companies.