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AOL Time Warner Splits After Near 10-Year Marriage by Article News  ISBN/ITEM#: CM091210AOLTWS
Date: 10 December 2009

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Almost ten years later, AOL and Time Warner are separate companies again, only now AOL is worth one-tenth of what they were worth then.

From release/information:

AOL and Time Warner have formally split after almost 10 years as one company.

Under the terms of the deal, qualifying shareholders will receive one AOL share for each 11 Time Warner they own.

AOL shares will begin trading on Thursday. They will even regain the market ticker symbol they used before the merger.

But the company will be worth a tiny fraction of what it once was. Its market value is put at about $2.5 billion - 10% of its value at the firm's height.

Media stars
At the time of the merger in 2001, the marriage of Time Warner with AOL was dubbed the "deal of the century" - one that brought superstars of both old and new media together.


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