EU panel drafts plan to kill AOL deal

Article Abstract:

The European Union's European Commission has issued a preliminary proposal for denial of the merger between Time Warner and America Online.

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European Commission stands poised to clear AOL-Time Warner merger

Article Abstract:

The proposed $117.8 billion (135.69 billion euros) merger between America Online Inc. and Time Warner Inc. is expected to be approved by the European Union (EU). Both firms have made concessions to European regulators.

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Axel Springer to give up its 10% of AOL Germany

Article Abstract:

Germany's Axel Springer Verlag AG will sell its 10% interest in AOL Germany and Bertelsmann AG will sell its 50% interest in Sports 1, the online sports site owned by Axel Springer. Industry analysts have said that both companies, which have joined together in various Internet ventures and start-ups, are determined to create separate online strategies.

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