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.
by beg <firstname.lastname@example.org>
Wednesday January 12th, 2000 10:32 PM
You are replying to this message
>>If I paid a large amount of money to create something and somebody wanted me to share it with them for free, so they could compete against me<<
I would free cheated, too. If i remember correctly, Aol never wanted to open up for free. Aol said they could charge them, but it had to be a reasonable rate.
Second, Aol paid more for TimeWarner than both of AT&T's purchases of TCI and MediaOne. Yet Aol is going to open up. Hmm...which company is more greedy?
Steve Case even called the CEO of ATT to let him know they were going to merger.