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Not All Mergers Work Out
Almost every time I hear about a merger of companies I am reminded of one of the greatest annual reports of all time.

AOL Time Warner posts the largest yearly net loss in the history of finance totaling almost $100b dollars, led by the $45b writedown of Goodwill from AOLs merger with Time Warner.

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And the year-over-year reduction in goodwill.

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I guess sometimes mergers don't work out.
www.sec.gov
AOL TIME WARNER INC.

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