From the course: Accounting Foundations: Asset Impairment
Join today to access over 22,600 courses taught by industry experts or purchase this course individually.
The ill-fated AOL-Time Warner merger
From the course: Accounting Foundations: Asset Impairment
The ill-fated AOL-Time Warner merger
- Here is my favorite improbably optimistic corporate merger, the AOL acquisition of Time Warner. - In January of 2001, AOL, originally known as America Online, acquired Time Warner. - The AOL Time Warner merger seemed like a match made in heaven, pairing the online presence of AOL with the vast media library of Time Warner. - The shares of the combined company were valued at over $150 billion. Now this was at the height of the internet bubble, the market was crazy in terms of assumptions about how much money would be made through internet commerce. - Accordingly, almost all of the value of the combined AOL Time Warner was in the form of goodwill and other intangible intellectual property. - [Man On Right] In fact, the goodwill alone was recorded on the books of the combined company at over $100 billion. - Well, not long after this deal, a wave of reality swept over the world, people came to their senses, and it was…
Practice while you learn with exercise files
Download the files the instructor uses to teach the course. Follow along and learn by watching, listening and practicing.
Download courses and learn on the go
Watch courses on your mobile device without an internet connection. Download courses using your iOS or Android LinkedIn Learning app.