The AOL-Time Warner Saga Bookends One Sorry Decade


The 21st century dawned with news that two media megaliths, AOL and Time Warner, were to merge. Critics howled that the vast tentacles of a combined AOL-TW would subsume us all. Today, Time Warner confirmed it's spinning off AOL, ending a business saga that defined whatever you're calling the 2000s. In retrospect, AOL's deal to acquire — and then be run by — Time Warner marked the end of a century when old media conglomerates were at their peak. The merger, valued at $182 billion when it was announced, was the largest in U.S. history. It is also arguably the most disastrous in history. The combined value of the two companies — both inflated by the dot-com bubble — was $350 billion. Today, before the spin-off goes through, the whole shebang sports a market cap of just under $28 billion.

Read »

Dr Who's picture
Created by Dr Who 4 years 9 weeks ago – Made popular 4 years 9 weeks ago

Category: Business   Tags:

User login


online spanish program spanish online classes social bookmarking : share news headlines and videos facebook starbucks nutrition ipad apps for kids best iphone app for weight loss baba ramdev yoga free download online spanish lessons

The AOL-Time Warner Saga Bookends One Sorry Decade