News Broadcasting
AOL co-founder Case apologies for Warner merger
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.
