The AOL-Time Warner Merger: A Cautionary Tale

This chapter explores the financial ramifications of the AOL and Time Warner merger, often regarded as one of the worst mergers in history. It examines the contrasting opinions on its success by evaluating shareholder outcomes versus overall business value, showcasing the complexities of corporate acquisitions. Ultimately, the discussion culminates in a unique grading system for such mergers, revealing sharply differing perspectives on their true impact.