"They" ain't sold AOL in the US (...yet) #
Posted Wednesday 6th August 2008 19:55 GMT
Which is hardly an insignificant bit of AOL after all!
Whether it's worth any money is another matter.
I can't believe that the Time Warner / AOL merger ever happened - AOL's plans to conquer the broadband market (in the same way in conquered the dial-up market) never really seemed to exist - and a rock-solid plan of how to survive and prosper in the broadband age was definitely needed.
AOL is only ever going to be a niche product - for all its infinite faults, it got lots of people used to being online, but the public at large just don't need to have their hand held in the same way they did when the internets was new to consumers (though there's certainly still room for a bit of guidance given the murky depths of the net, what with phishing and the like).
As everyone has said since, AOL was massively over-valued at the time of the merger (which was in fact ludicrously technically speaking an AOL takeover of Time Warner). Why anyone bought into this at the time still defeats me - it sounded like a shit deal even back then.


