Andre Yoskowitz
31 Aug 2011 16:24
AOL is in talks with banks in an effort to take the struggling company private.
For now, the discussion are revolving around a per share price in which AOL's management would consider being taken private.
The company, and its shares have struggled massively as the management tries to complete a restructuring into a digital content company.
Since IPOing in 2009, stock in the company has fallen from as high as $30 to $15 as of today, and as low as $10, last week.
AOL has tried to become a web content company, with its biggest purchase being The Huffington Post for $300 million last year.