March 9, 2007
Fallout from AOL-Time Warner Merger
Time Warner has added $145 million to reserves, bringing the total spent on shareholder claims related to the AOL-Time Warner merger to a whopping $3.75 billion. See WSJ, Time Warner Sets Reserve to Resolve Final Suits.
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If you think that's "whopping" try this: every lawsuit AOL has settled for securities fraud and overstating revenue to date, with settlement figures calculated down to the last million or so, and no way for AOL to pay for all of them:
Does AOL print it's own money? What else can the answer be?
Posted by: MM | May 7, 2007 9:53:28 PM