AOL and Time Warner Couldn’t Dance

From the NYTimes:;=print

January 11, 2010

How the AOL-Time Warner Merger Went So Wrong

A decade ago, America Online merged with Time Warner in a deal valued at a stunning $350 billion. It was then, and is now, the largest merger in American business history.
The Internet, it was believed, was soon to vaporize mainstream media business models on the spot. America Online’s frothy stock price made it worth twice as much as Time Warner’s with less than half the cash flow.
Lessons to learn from…

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