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2000年1月10日 美国在线公司宣布以1650亿美元并购时代华纳公司,成为美国历史上乃至世界上最大的一宗兼并案,美国在线——时代华纳公司(AOLTw)问世。2000年10月10日 两家公司的合并案得到了欧盟准许。在争取欧盟支持的过程中.两家公司曾不得不两度“忍痛割爱”。先是两家公司被迫“割断”与德国媒体集团贝塔斯曼公司的联系.再是时代华纳公司放弃属下音乐业务与欧洲百代唱片公司价值200亿美元的合并计划。2000年12月14日 美国联邦贸易委员会批准这桩合并案,但同时与这两家公司达成一项为期5年的协议.意在防止两家公司合并后给它们的竞争对手以及消费者带来不利的影响。根据协议,美国在线与时代华纳合并后,不得拒绝其他因特网服务商进入该公司的高速网络传输系统。2001年1月11日 美国联邦通信委员会有条件地批准这桩合并案。由于美国在线是美国第一大因特网入网服务商.而时代华纳是全球第一大媒体公司,其有线电视系统可以为近2100万个用户提供服务,拥有美国有线电视新闻网、华纳兄弟电影公司、《时代》与《幸福》杂志等资产。两家公司合并后,成为一家集电视、电影、杂志和因特网为一体的全球第一的超级媒体公司。
On January 10, 2000, AOL announced that it had acquired Time Warner Inc. for $ 165 billion and became the largest merger in the history of the United States and the world. AOL TimeWorld Inc. (AOLTW) was introduced. On October 10, 2000, the merger of the two companies was approved by the European Union. In the process of gaining EU support, the two companies had to “reluctantly and lovingly” twice. First, the two companies were forced to “cut off” their ties with the German media group Bertelsmann, again the time-wasting deal by Time Warner to abandon its music business and Europe's EMI record of $ 20 billion. The U.S. Federal Trade Commission approved the merger on December 14, 2000, but at the same time, reached a five-year agreement with the two companies to prevent the two companies from bringing their competitors and consumers together negative effect. Under the agreement, after AOL merged with Time Warner, no other Internet service providers may be denied access to the company's high-speed Internet transmission system. January 11, 2001 US Federal Communications Commission conditional approval of the merger. As AOL is the No. 1 Internet service provider in the United States, Time Warner is the world's number one media company with nearly 21 million subscribers to its cable system, with CNN, Warner Bros. Pictures, “Age” and “happiness” magazine and other assets. When the two companies merged, they became the No. 1 hypermedia company in the world combining television, movies, magazines and the Internet.