Posted by John Cooper on May 28, 2009
Article Link: NYTimes.com
Article Author: Saul Hansell
Article Date: 28-May-09
From the Article:
Time Warner said on Thursday that it would file for divorce in one of the most ill-fated marriages in the history of the media and technology business, its 2001 merger with AOL. The companies hope the separation is complete at the end of the year.
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Posted by John Cooper on May 28, 2009
Article Link: Wired.com
Article Author: Declan McCullagh
Article Date: 10-Jan-00
From the Article:
The move has already drawn a rush of investors to the companies on Monday, both of which have seen their stock languish in recent months. Time Warner, which closed Friday at 64 3/4, had not managed to best its 52-week high of 78 5/8 from last spring, and AOL’s closing price of 73 3/4 is about 10 points lower than its May 1999 value.
That’s already changing. Time Warner shares catapulted $30 to $95 in pre-open trade on Monday morning, while America Online jumped $13 to $85.875. The enthusiasm spurred shares of media stocks higher across Europe and sent the combined market capitalization of both companies higher by some $10 billion.
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Posted by Andrew Daniels on May 28, 2009
From the Article:
Cuban is today announcing that he has finalized an investment in New Orleans, Louisiana-based NAKEDpizza
after 3 months of negotiations. NAKEDpizza is an all-natural pizza delivery shop that has famously done most of its marketing efforts on and centered around its Twitter profile and Facebook presence. Two months ago, the healthy pizza store even erected a Twitter billboard above its first – and for now – only store.
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