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AOL Merger Doesn't Add Up | |
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| Time: 00:00 EST/05:00 GMT | News Source: NewsBytes | Posted By: Todd Richardson | ||
|
As AOL Time Warner Inc. stock sank last week to the lowest level since the companies announced plans to merge two years ago, the biggest merger in corporate history looked more and more like the biggest blunder. Together the two companies were worth more than $300 billion when their corporate nuptials were announced in January 2000. Today, AOL Time Warner's market value is $105 billion, and there is every reason to suspect it could fall further after the company announces its first-quarter earnings later this month. | ||
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