Sometimes tech mergers look good on paper but flop in practice; here's a look at some of the biggest tech merger failures
AOL and Time Warner
The Potential: This $164 billion idea in 2000 was to create a perfect union between old media (Time Warner) and the Internet (um, AOL?). It's considered the worst merger of all time.
Why it Failed: By 2002 AOL Time Warner reported an astonishing $99 billion loss. The two companies always seemed out of sync. The intervening years have seen massive job losses, dramatic executive departures, and a free-falling stock price. In 2009, Time Warner finally set the battered AOL free as an independent company. Today, the combined values of the companies is about one-seventh of their worth in 2000.
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