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| | FTC approves AOL, Time Warner merger - Dec. 14, 2000 |
 | | With a vote of 5-0, FTC commissioners approved the much-contested deal, which marries AOL (AOL: Research, Estimates), the world's biggest Internet-service provider, with Time Warner (TWX: Research, Estimates) a media conglomerate with major stakes in the publishing, film, broadcast and cable television markets. |
 | | In a statement, Time Warner and AOL said they hope to complete the merger by the end of this year or early in 2001. |
 | | As a result, Time Warner in November dropped a proposed venture with London's EMI Group PLC (EMI), one of the five leading music companies in the world, quelling the concerns of European Union regulators over the music-related implications of the AOL deal. |
| money.cnn.com /2000/12/14/deals/aoltimewarner (1556 words) |
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