Largest Business Merger in History

AOL Time Warner

AOL Time Warner

On this day in 2000, America Online (AOL) made business history by purchasing cable-TV giants Time Warner, Inc. for $182 billion.

The fact that AOL was the smaller of the two companies didn’t stop the world’s largest business merger going through.

However, by 2003, just three years later, AOL-Time Warner’s stock would drop to 20% its original price at the time of the buyout.

Eventually, AOL was dropped from the Time-Warner brand in 2009 and is now fronted by former Google-man Tim Armstrong, Chairman and CEO.

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