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RedOblivionLW t1_izixaua wrote

I think TECHNICALLY time Warner still purchased AOL. Even though that was one of the worst business decisions even know to man.

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NovaticFlame t1_izj22ag wrote

I think you got it backwards. AOL purchased Time-Warner, since they were worth more at the time. But AOL exec’s let them think it was the other way around, since AOL was young and inexperienced. AOL leveraged their high market cap due to the bubble to make a deal.

Source is from The Fifth Wave. Great read if you ever have time!

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RedOblivionLW t1_izjyr3z wrote

Ye I just watched a video on it and it's insane that time warner just agreed to it.

And you where right AOL bought them

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iamamuttonhead t1_izmkxuj wrote

This is so weird. I always thought that Time Warner bought AOL.

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