Yep, another brillient move by so called brillent business people. This is what happened to TCI/AT&T as well. No wonder the economy is a wreak, but then us little people aren't supposed to be asking these questions, we are only supposed to be impressed by their "smart" moves.
>According to a reprinted 1/9/02 Bloomberg News story which I came across in our local daily paper: "AOL Time Warner is one of hundreds of corporations that made acquisitions with inflated shares during the late 1990s. On Monday, the biggest media company said that it overpaid and that it will have a first-quarter writedown of as much as $60 billion to reflect the goodwill created when America Onlince Inc. bought Time Warner Inc. for $124 billion." Wow!!!
Re:Did AOL pay too much for Time Warner?
Member #: 14074
Registered: 1996-2001
Posted:
19
Name:
Gary Elliott
Name:
Gary Elliott
Company:
Hal-Tec Corp.
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