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MUMBAI: The co founder of US internet service provider AOL
Steve Case has apologised for merging his company in 2001
with Time Warner.
The merger proved to be a disaster and the company lost $200
billion of its value. The entity was called AOL Time Warner
but then embaressed executives at Time Warner decided to drop
AOL from the company's name a few years down the line.
In an interview on US pubcaster PBS with Charlie Rose Case expressed
frustration that the merger did not develop in the manner that
had been hoped for. He however, still belives that it was a
good idea. |
