NovaticFlame

NovaticFlame t1_izj22ag wrote

I think you got it backwards. AOL purchased Time-Warner, since they were worth more at the time. But AOL exec’s let them think it was the other way around, since AOL was young and inexperienced. AOL leveraged their high market cap due to the bubble to make a deal.

Source is from The Fifth Wave. Great read if you ever have time!

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