America Online Agrees to Buy Time Warner
At a glance:
- Series: Great Events: 1900-2001
- Categories: Economics
- Subcategories: Business, Trade, Commerce, Media, Journalism, Journalists, Television, Radio, Broadcasting, Communications, Computers, Computer Science
- Curriculum: American History 1951-present
- Geographical Location: New York City
- Date: January 10, 2000
Article abstract: America Online, the world’s largest Internet service provider, and Time Warner, the huge media conglomerate, agreed to a merger of their two companies. The new company would be called AOL Time Warner.
Largest Corporate Merger in U.S. History
On January 10, 2000, Steve Case, chair of America Online, and Gerald Levin, chair of Time Warner, announced that America Online would buy Time Warner for approximately $165 billion. This stunning announcement, the largest merger in U.S. history, seemed to offer a symbolic meaning for the new...
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