7 Worst Mergers of All Time

BANGALORE: Usually companies merge to expand the business and to make more business in the market. A successful amalgamation can make the companies the biggest corporate but nobody can be sure, which union is going to last and which one will end with bitterness and loss.

They end up losing huge money, reputation in market and sometimes the biggest resource of manpower. And if you are eager to note, then here is the list of the worst mergers of all times as compiled by The Richest.

#AOL/ Time Warner- $299 billion

During the 1990’s, the web was expanding and broadband industry was eating up the dial-up connection market. AOL then decided to reinvent itself as the content and broadband giant by purchasing Time Warner.

The massive $164 billion deal was executed by AOL CEO Steve Case and Time Warner CEO Gerald M Levin. The results were highly anticipated and the world thought that only greatness could be achieved off a union of this kind.

The merger was a complete disaster and the value of AOL dropped down to $1.73 billion from $299 billion. Its user base has also fallen from 30 million to just 5 million. Thankfully AOL’s new CEO announced that Time Warner would be made an independent company in 2009, thus ended one of the worst business relationships ever.

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