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Text size [+][-]  Tuesday February 9 2010GLOBAL EDITION

Considered view
13 Aug 2008 07:57

Rethinking history

Context News

During Liberty Media’s August 11 earnings call, chairman John Malone said that he would be open to discussing a deal with Time Warner to swap Liberty’s 2.8% stake in the company for Time Warner’s AOL dial-up business.

Liberty owns 103m Time Warner shares, which at current market pricing values its stake at roughly $1.6bn.

Sure, the 2000 merger zapped hundreds of billions of dollars of value. But John Malone’s plan to swap his $1.6bn stake in Time Warner for AOL’s dial-up business begs a rethinking of the past. It’s now clear former AOL boss Steve Case gave his shareholders the steal of a lifetime.

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More stories by:  Jeff Segal






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