Eugene David ...The One-Minute Pundit |
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Monday, February 07, 2011
AOL Bets $315 Million on Arianna, Buys Huffington Post to Build 'New American Media Company'
In a stunning development, America Online Inc. announced plans to acquire Time Warner Inc. for roughly $182 billion in stock and debt Monday, creating a digital media powerhouse with the potential to reach every American in one form or another. PFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! P. S. Steve Case doesn't like it! 1. He should know! 2. Steve who?
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