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AOL Purchases Time Warner

The internet bubble reached its tops when on January 10th, 2000 America Online- announced the purchase of Time Warner Communications. Time Warner was both a larger company in terms of sales and assests, but with the Internet bubble at the top AOL's stock was valued at twice that of Time Warner. By the time the sale was consumated the bubble was over and it was clear that the stockholders of Time Warner had come out the losers.