When America Online acquired Time Warner in 2000 to become AOL Time Warner they initially kept the AOL ticker symbol. As the America Online business began to deteriorate substantially the company changed their ticker symbol from AOL to TWX and the company name from "AOL Time Warner" to "Time Warner" on October 16, 2003.
AOL paid over $160 million for the company Time Warner. At the time of the purchase Ted Turner was allowed to remain vice chairman of the company.
corporate convergence
AOL/Time Warner has a competitve edge because it maintains control of a lot of important and influential companies.
In early 2000, executives from America Online (AOL) and Time Warner shocked the business world when they announced an all-stock $164 billion merger, the largest media deal in history. The new company would be named AOL Time Warner.
When America Online acquired Time Warner in 2000 to become AOL Time Warner they initially kept the AOL ticker symbol. As the America Online business began to deteriorate substantially the company changed their ticker symbol from AOL to TWX and the company name from "AOL Time Warner" to "Time Warner" on October 16, 2003.
AOL will be the new ticker symbol after AOL is spun off from AOL Time Warner.
AOL merged with Time Warner under the name AOL Time Warner in 2000. However the merger was not successful and Time Warner spinned-off AOL into a separate public company on December 9th 2009.
In January 2000 Case's next move was clear. He announced that AOL was buying the media conglomerate Time Warner in a merger that would create the new company, AOL Time Warner.
Tim Armstrong
AOL
In February 2003 Case stepped down as chairman of AOL Time Warner but remained a director on the board of the newly named Time Warner.
AOL
AOL paid over $160 million for the company Time Warner. At the time of the purchase Ted Turner was allowed to remain vice chairman of the company.
Aol
corporate convergence
AOL/Time Warner has a competitve edge because it maintains control of a lot of important and influential companies.