The Break-Up, starring AOL and Time Warner
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- Sexirobot
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Time Warner Inc. and AOL Inc. on Monday announced the timing and details of their separation, saying AOL and its 7,000 employees will spin off from Time Warner on Dec. 9.
The companies announced their divorce in May, after a decade of cohabitation that never quite made sense.
In hopes of creating a multi-media empire, Time Warner bought AOL in January 2001 for $164 billion. But its stock price plunged and synergies were hard to come by as AOL transformed from a self-contained online community into just another Web portal struggling to find revenue.
http://www.thewrap.com/article/xx-10243
The companies announced their divorce in May, after a decade of cohabitation that never quite made sense.
In hopes of creating a multi-media empire, Time Warner bought AOL in January 2001 for $164 billion. But its stock price plunged and synergies were hard to come by as AOL transformed from a self-contained online community into just another Web portal struggling to find revenue.
http://www.thewrap.com/article/xx-10243
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- groups:
- Tech
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- tags:
- TV and Film, Corporations, Break Ups
