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Tech Industry

Time Warner Cable IPO to be delayed?

AOL Time Warner on Friday said it remains on a "glide path" to take its Time Warner Cable unit public by the end of the second quarter, but admitted the possibility of a delay. The announcement was in response to a report in The Wall Street Journal indicating the cable division's IPO will be delayed until at least September. AOL Time Warner is trying to lessen its debt load and hopes to raise as much as $4 billion in the offering.

AOL Time Warner spokeswoman Tricia Primrose said the IPO is set to occur in the second quarter or "late summer," but cautioned that "there are lots of events, including geopolitical events, that could create turbulence or uncertainty in the market."