New Media

AOL Founder ‘Sorry’ About Time Warner Merger

By Dylan on July 25, 2006 8:59 AM

steve_case_aol_sorry_time.jpg“You know that whole merger with Time Warner thing? The one that destroyed $200 billion in shareholder value? Sorry, my bad. My bad. I’ll getcha next time.”

Via Reuters:

Steve Case, co-founder of the one-time biggest online service AOL, apologized for the company’s merger with media conglomerate Time Warner Inc. in an interview with U.S. journalist Charlie Rose.

Case, who was shoved aside as chairman in 2003 and who left the board entirely in 2005, said, “Yes, I’m sorry I did it,” referring to the 2001 merger of Time Warner and AOL.

AOL founder says he is ‘sorry’ for Time Warner merger [Reuters]

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