Quote:
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In 2001, AOL completed its $164bn (£104bn) acquisition of Time Warner, but it soon led to monumental write-downs. However, Time Warner soon realised that the merger was not in its best interests, leading to a loss of $99bn in 2002. A demerger agreement came last year.
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I could have told them... AOL sucks
http://www.telegraph.co.uk/finance/n...ff-Bewkes.html