Word: aol
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Dates: during 2000-2009
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...Richard Parsons, with his company's vast array of media properties, including CNN, HBO, America Online, Warner Bros. and New Line Cinema, and a current market value of $85 billion, Icahn has chosen his biggest mark yet. Time Warner has been struggling since the disastrous merger in 2000 with AOL, which sent the company's share price plummeting. An Icahn-led group picked up 2.6% of the company, and "a boatload of hedge funds and other short-term players are sitting in the stock," said Patrick McGurn, special counsel at Institutional Shareholder Services, which advises on proxy fights...
...letter detailing his concerns that may go out as early as this week. Backing off his initial position that Parsons' efforts have been "commendable," Icahn charged in an interview with TIME that Parsons sold the Warner music division too cheaply two years ago and decided too late to convert AOL to a free portal to get a bigger piece of the Internet ad business. "They have one of the best content companies in the world," Icahn said, "but it certainly hasn't shown up in the share price under Parsons...
...virtual wedding bells about to chime for America Online and Microsoft? Senior execs from AOL and Time Warner (which owns AOL and TIME) have been meeting with Microsoft officials for several months, trying to work out a deal that could unite AOL with Microsoft's MSN network. The talks, which were first reported in the New York Post, have risen to the highest levels of both companies, involving direct discussions between Time Warner CEO Dick Parsons and Microsoft chief Steve Ballmer, says a source close to the talks. Negotiations are now at an impasse over key technology issues, such...
...together now? Microsoft and AOL fought bitterly during the browser wars of the '90s and vied for dial-up customers before broadband took off. Today they're losing billions in ad revenues to Google and Yahoo. By consolidating their websites into a mammoth network, they could sell ads across the board. Hooking up would be a defensive play too. Google raised $4.1 billion in a stock offering last week and has been encroaching on Microsoft's most precious turf, the computer desktop. Microsoft is worried about falling further behind Google in the Web-search races and would love...
...Yahoo and AOL have their own voice-over-instant message services. All these deals have generated as much confusion as excitement. Is eBay just trying to acquire Skype's 54 million users? Maybe GoogleTalk will let you click to dial a phone number of someone you've just Googled. Will Teleo mean yet more software bundled with Windows? None of these questions are likely to be answered any time soon. Making phone calls over the Web (also known by the acronym VOIP, for Voice Over Internet Protocol) is one of those radical new technologies that surely will change our lives...