The new group, to be known as AOL Time Warner, will have combined revenues of $30 billion. AOL shareholders will receive 1.5 shares of the new company for every AOL share. This will give the internet company a 55% slice of AOL Time Warner. Ted Turner will be vice chairman of AOL Time Warner, with AOL's Steve Case chairman. The group will hold a series of brands including Sports Illustrated, Fortune, Entertainment Weekly and Looney Tunes.
February 01 2000