AOL–Time Warner merger

E119946

The AOL–Time Warner merger was a landmark 2000 corporate deal that combined internet giant AOL with media conglomerate Time Warner, later becoming infamous as one of the most disastrous mergers in business history.

All labels observed (3)

How this entity was disambiguated

Statements (52)

Predicate Object
instanceOf M&A deal ⓘ
business transaction ⓘ
corporate merger ⓘ
acquirer AOL ⓘ
announcedBy Gerald Levin ⓘ
Steve Case ⓘ
announcedOn 2000-01-10 ⓘ
AOLCEOAtAnnouncement Steve Case ⓘ
AOLFounder Steve Case ⓘ
AOLHeadquartersAtDeal Dulles, Virginia ⓘ
AOLSpinOffYear 2009 ⓘ
AOLStakeInCombinedCompany 55 percent ⓘ
approvedBy U.S. Federal Communications Commission ⓘ
U.S. Federal Trade Commission ⓘ
completedOn 2001-01-11 ⓘ
considered one of the most disastrous mergers in business history ⓘ
symbol of dot-com bubble excess ⓘ
createdEntity AOL Time Warner ⓘ
criticizedFor overestimated synergies ⓘ
overvaluation of AOL stock ⓘ
poor integration planning ⓘ
dealType stock-for-stock merger ⓘ
dealValueCurrency USD ⓘ
linked to: US dollar
dealValueUSD 164000000000 ⓘ
goodwillImpairment2002USD 54000000000 ⓘ
hasParticipant AOL ⓘ
Time Warner ⓘ
headquartersOfCombinedCompany New York City ⓘ
historicalSignificance largest merger in U.S. corporate history at the time of announcement ⓘ
industry internet ⓘ
media ⓘ
telecommunications ⓘ
laterNameOfCombinedCompany Time Warner ⓘ
legalStructure AOL issued shares to Time Warner shareholders ⓘ
longTermOutcome AOL was later spun off from Time Warner ⓘ
motivatedBy convergence of media and internet ⓘ
synergies between content and distribution ⓘ
postMergerCEO Richard Parsons ⓘ
postMergerCEOChange Gerald Levin resigned 2002 ⓘ
postMergerCompanyReportedLoss over 99000000000 USD in 2002 ⓘ
regulator U.S. Federal Communications Commission ⓘ
U.S. Federal Trade Commission ⓘ
resultedIn culture clash between AOL and Time Warner ⓘ
large shareholder value destruction ⓘ
management turmoil ⓘ
massive goodwill write-downs ⓘ
regulatory scrutiny of media consolidation ⓘ
target Time Warner ⓘ
TimeWarnerCEOAtAnnouncement Gerald Levin ⓘ
TimeWarnerHeadquartersAtDeal New York City ⓘ
TimeWarnerStakeInCombinedCompany 45 percent ⓘ
tookPlaceDuring dot-com bubble ⓘ

How these facts were elicited

Referenced by (6)

Full triples — surface form annotated when it differs from this entity's canonical label.

Steve Case → notableWork → AOL–Time Warner merger ⓘ
Gerald Levin → notableWork → AOL–Time Warner merger ⓘ
OSCAR → usedByCompany → AOL Time Warner ⓘ
linked to: AOL–Time Warner merger
AOL–Time Warner merger → createdEntity → AOL Time Warner ⓘ
linked to: AOL–Time Warner merger
AOL–Time Warner merger → longTermOutcome → AOL was later spun off from Time Warner ⓘ
linked to: AOL–Time Warner merger
Steve Case → boardMemberOf → AOL Time Warner ⓘ
subject linked to: Steve
linked to: AOL–Time Warner merger