AOL & Time Warner Merge Into New Media Giant
On Monday, January 10, 2000, America On-line, the leader in on-line
services, has announced their acquisition of Time Warner, the world's
largest media and entertainment company. Valued at approximately US$180
billion, the stock for stock merger is what will be the biggest corporate
merger ever. America On-line's chairman and chief executive, Steve Case
will serve as chairman of the merged company entitled AOL Time Warner. AOL
and Time Warner will each name half of the board of directors of the new