Time Warner may be looking to take over new companies following its split from its cable unit.
The media giant announced it’s separating from Time Warner Cable this morning, a move that will bring in $9.25 billion in dividend payments. The decision is also expected to help cut down on the company’s $35 billion debt.
Time Warner’s CEO says he’s looking at several options for his company’s future, including possible acquisitions. He did hint that cable networks could be a strong investment but neglected to name any specific areas of interest.
He also did not comment on what the change could mean for the future of AOL.