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Moved PermanentlyMoved PermanentlyFortune Investor Datathough the two corporations' executives stressed the compatibility of their corporate cultures, the match may be discussed for years to come in MBA programs. "This merger has created a really big company," says Saporito, "and the history of big mergers in other industries is that they really don't work very well. So the success of this one is far from guaranteed." The two sides also had to do some bargaining on valuation. In the end, the deal was this: Time Warner shareholders will be given 1.5 shares in the new entity, while AOL's will...

Author: /time Magazine | Title: Welcome! Why You've Now Got AOL Time Warner | 1/10/2000 | See Source »

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