1. America Online Acquires Time Warner
When America Online (AOL) announced plans to acquire Time Warner (TWX) in 2000, it wasn’t just the biggest internet stocks deal of the dot-com era, but the biggest merger in corporate history. The deal was financed in stock and debt … but as everyone knows, it didn’t end well for either party.
AOL was spun off in 2009 and continues to struggle amid declining online ad rates, and Time Warner continues to splinter off struggling businesses like Time Inc. to streamline its operations in a changing media landscape.
Jeff Reeves is the editor of InvestorPlace.com and the author of The Frugal Investor’s Guide to Finding Great Stocks. Write him at email@example.com or follow him on Twitter via @JeffReevesIP. As of this writing, he did not hold a position in any of the aforementioned securities.