General News

AOL Secret merger talks?

By:
Jul 30, 2001 | 11:06am EDT

AOL Time Warner CEO Gerald Levin and AT&T Chairman Michael Armstrong met secretly Thursday night on details of a merger of the two companies' cable systems, the New York Post reported Monday, citing no sources. Such a merger would create a cable company that would represent 40 percent of all the cable operations in the country, the Post observed. Under the proposed merger, AT&T would own about 50 percent of the combined entity, while AOL Time Warner would hold about 40 percent.

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