Gerald M. Levin, the media govt who orchestrated the disastrous merger of Time Warner and AOL, died Wednesday. He was 84.
Levin’s grandchild Jake Maia Arlow confirmed his loss of life to the New York Instances, saying that Levin died in a hospital and lived in Lengthy Seashore, Calif. Whereas a reason for loss of life was not disclosed, Levin had been recognized with Parkinson’s illness.
Levin was named co-CEO of Time Warner alongside Steven J. Ross in 1992; he grew to become the only real chief govt when Ross died months later from prostate most cancers.
Levin and then-AOL CEO Steve Case introduced the $350 billion deal to merge the 2 firms on Jan. 10, 2000, on the top of the dot-com bubble. After the merger, creating AOL Time Warner, the dot-com recession and terrorist assaults on Sept. 11, 2001, enormously affected the corporate, resulting in a historic $100 billion write-down.
Extra to come back…
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