The headline-grabbing merger between Time Warner and America
Online (AOL) values the combined company at approximately $350
billion with annual revenues of more than $30 billion. AOL Time
Warner, as the new company will be known, is described as "the
world's first fully integrated media and communications company for
the internet century." The group will contain such strong brands as
Time magazine, CNN, CompuServ, AOL, Warner Bros and Fortune.
Although the companies describe the deal as a "strategic merger of
equals", it gives AOL a 55% stake in the...