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Europe Daily Bulletin No. 7631

12 January 2000
Contents Publication in full By article 30 / 56
ECONOMIC INTERPENETRATION / (eu) multimedia

The AOL - AMERICA ONLINE groups (turnover $4.78 billion in 1999 with 12,100 employed and stock exchange capitalisation of around $164 billion), which provides Internet services, and TIME WARNER (turnover $26.84 billion in 1998 with 70,000 employed and stock market capitalisation of $83 billion), the leading communications group, have announced that they are to merge. This gigantic operation will take place through a public takeover bid after which the AOL shareholders will hold a 55%...

Contents

A LOOK BEHIND THE NEWS
THE DAY IN POLITICS
GENERAL NEWS
ECONOMIC INTERPENETRATION