Wednesday, January 07, 2009

Time Warner and AOL

It was January 10, 2000 when Time Warner bought AOL in an all stock transaction valued at $160 billion dollars. Time Warner traded as high as $90. Roll forward to today, Time Warner is trading at $10 and it's just announced a write down of AOL assets of $25 billion. This might eclipse the disaster merger of Daimler with Chrysler, don't ya think?

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