In January 2000, America Online announced an agreement to acquire Time Warner, uniting AOL's internet reach with Time Warner's media and entertainment holdings. The deal closed in January 2001, forming AOL Time Warner. The combination is now widely regarded as one of the worst business deals in corporate history, and the company reverted to the Time Warner name in 2003 after AOL's division suffered massive losses. This description is adapted from Wikipedia contributors under CC BY-SA 4.0; changes were made. https://creativecommons.org/licenses/by-sa/4.0/
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Source Wikipedia, AOL Time Warner
The 2000 merger of AOL and Time Warner, announced as broadband technology expanded across the United States, is widely regarded in finance as one of the worst corporate mergers in history once the combined company's value collapsed.
Source Wikipedia, AOL Time Warner
Source Wikipedia, AOL Time Warner
Source Wikipedia, AOL Time Warner
Companies Involved
Source Wikipedia, AOL
Source Wikipedia, AOL Time Warner
Sources
1. Wikipedia, AOL
WikipediaHistory section
In January 2000, as new broadband technologies were being rolled out around the New York City metropolitan area and elsewhere across the United States, AOL and Time Warner announced plans to merge, forming AOL Time Warner, Inc.
- Companies Involved: AOL
View the Source Wikipedia, AOL Time Warner
WikipediaLead section
Its 2001 merger with AOL, which formed AOL Time Warner, became one of worst business deals in corporate history
- Associated With: AOL
- Associated With: Time Warner
- Associated With: Finance
- Companies Involved: Time Warner
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