Episode 44: AOL - Time Warner (with the Internet History Podcast)
Acquired
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Time Warner and AOL - The Snake Eating Its Tail
AOL's total revenue in 2000 right before the merger was like 9.5 billion or somewhere in that neighborhood. Time Warner had a much more narrow price-to-earnings ratio, of what were they valued at? Like 150 million or something there. So even though they're the acquiring company, essentially, the entrenched power brokers at Time Warner just tells these guys to screw off and basically weights them out until the disaster of the merger becomes evident and get kicked out.
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