AOL and Time Warner to Merge
Monday January 10th, 2000
CNNfn is reporting that AOL and Time Warner have made public their plans to merge, with AOL shareholders getting 55% of the merged company, called AOL Time Warner.
Time Warner's boss will remain chief executive, and Steve Case of AOL will become the company's chairman.
As AOL rolls out their set-top and other technological initiatives this year, they can only benefit from being in the same corner as Time Warner, whose well known brands (HBO, Time Magazine, CNN, Turner Broadcasting Co.) could be brought into the fray for promotion and cross-marketing purposes. And since non-PC Internet devices will require not only cheap software, but scalable solutions (as Nokia and Intel have found), don't be surprised if you see Mozilla's name appearing in more and more press releases this year.
Thanks to onyo for the news.
#17 i donno (i like)
by beg <firstname.lastname@example.org>
Monday January 10th, 2000 10:21 PM
You are replying to this message
Well, i guess i like this deal, because i'm a AOL shareholder. I was even a Netscape shareholder, too.
But put that aside. As a investor I think this is good, because AOL was worth around 200 billion dollars. I had no idea how in the world they would fulfil this huge market cap. Yahoo is worth 100 billion.
All of these internet stocks will be either be merged, disappear, or bought-out. That bubble everyone was talking about is not going to just pop. We truly are in a mega bull market. This is a great time to be living in the United States and to be a investor