Easy Money $10 per share!
Time Warner (TWX -2.1%) and Time Warner Cable (TWC +0.3%) get the favorable IRS ruling they were looking for (see), and say they're forging ahead with separation - which should be complete by end of quarter.
NEW YORK--(BUSINESS WIRE)--Time Warner Inc. (NYSE:TWX - News) and Time Warner Cable Inc. (NYSE:TWC - News) today issued the following statement regarding the regulatory and other reviews related to the separation of the two companies:
“With today's favorable IRS ruling, we're pleased to report that all regulatory and other necessary governmental reviews of the pending separation of Time Warner and Time Warner Cable are concluded. Now we’re working through the process to achieve the separation. That process is on track and expected to be completed by the end of the current quarter.”
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