In January 2001, a major merger was announced between AOL and Time Warner. The merger was aimed to create the world’s first fully integrated media and communication company for the internet century in an all stock combination valued at $350 billion dollars. It was considered “The Deal of the Century” because they believed that each company being the best in its field, complemented their strengths which suggested the possibility of a mutually beneficial relationship. The merger deal was trouble from the start with complications began to surface about AOL being accused of manipulating its accounting records to favorably distort its financial image. Other problems they had was lack of knowledge between each other. Time Warner realized that they
