Funny how much this deal was valued at over six years ago:
"The purchase, an all-stock deal, amounted to more than $160 billion based on today's trading prices. According to both companies, the new firm will have an estimated combined value of $350 billion."
Can you name it?
And based on the loss of share price, how would this historic deal be valued today?
I spoke with a former Time Warner media employee recently who said that after the stock shot up it was essentially all down hill, carving nearly 80 percent off the share price.
It struck me that there was a lot of breathless reporting at the time of the deal about how AOL could help Time Warner to find its footing as an Internet player. I didn't know any Net subscribers before that deal who would touch AOL with a ten foot pole.
Great story over at The Economist about what an empty bag Time Warner is holding today.
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