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Bertelsmann sells AOL Europe shares

Bertelsmann sells AOL Europe shares

As Bertelsmann announced, the 49 percent stake in the online service AOL Europe, which has 5.5 million customers, is being sold back to the US media giant AOL Time Warner, who for this purpose raised the sum of 6.75 billion dollars, around 7.58 billion euros, will shell out.

This step on the part of the Bertelsmann Group was expected after the merger of AOL and Time Warner in 2000 and is therefore not a big surprise.