Aol Time Warner Merger Agreement

The merger still needs to be approved by the shareholders of both companies, along with the corresponding administrative approvals. Companies expect the deal to be reached by the end of the year. Ted Turner, vice president of Time Warner, has agreed to vote to merge his 9 percent of Time Warner`s common stock, the companies said. The merger is recorded as a purchase transaction and is expected to have a positive effect on America Online`s cash earnings per share before amortization of its assets. AOL Time Warner Inc. (the company or AOL Time Warner) is the global leader in media and entertainment. The company was founded as part of the merger between America Online, Inc. (America Online) and Time Warner Inc. (Time Warner), which was completed on January 11, 2001 (merger or AOL-Time Warner Fusion).