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Stealing Time: Steve Case, Jerry Levin and the Collapse of AOL Time Warner by Alec Klein (Paperback, 2004)

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Stealing Time : Steve Case, Jerry Levin, and the Collapse of Aol Time Warner, Paperback by Klein, Alec, ISBN 074325984X, ISBN-13 9780743259842, Brand New, Free P&P in the UK A behind-the-scenes look at the largest corporate merger in history describes how AOL purchased Time Warner, only to find itself in increasing financial difficulties, under investigation by the SEC and Justice Department, with top AOL executives having resigned. Reprint. 35,000 first printing.

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When America Online bought Time Warner in 2000, it was not only the largest corporate merger in history, but also a much-touted marriage of New Media and Old Media. Questions, however, began on the day the merger was announced by Steve Case of AOL and Jerry Levin of Time Warner. The stock price started a long decline, and the Federal Trade Commission subjected the merger to intense scrutiny. More than a year later regulatory agencies gave their approval, but AOL Time Warner's troubles were far from over. A clash of cultures prevented the company from fulfilling expectations and AOL's business slowed and then stalled. Just two years later, once-triumphant AOL is under investigation by both the SEC and the Justice Department. The company reported the largest loss in corporate history - USD100 billion - in 2002, and four of the top AOL and Time Warner executives present at the announcement of the merger - Case, Levin, Bob Pittman, and Ted Turner - resigned. How did the deal of the century become such an epic disaster?