Well…..

Final farewell to worst deal in history – AOL-Time Warner

That\’s arguable. For AOL it was the best deal in history, swapping hugely overvalued stock in an internet bubble company for real business assets.

2 thoughts on “Well…..”

  1. The definitive book on the merger is “There Must Be A Pony In Here Somewhere” by Kara Swisher.
    The key phrase is “How a company without assets bought a company without a clue.”

  2. TICK. Steve Case at AOL is probably the best CEO of any company ever, if the job of a CEO is to maximise shareholder value: swapping bugger all for a 50% stake in the world’s largest media company achieves that.

    (the impressive thing is that Gerald Levin is a long way from the worst CEO of any company ever, despite swapping a 50% stake in the world’s largest media company for bugger all…)

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