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Events on Thursday 11 January 2001 1
2001AOL Time Warner merger completedInternet provider absorbs a media giantThe merger of America Online and Time Warner, announced in 2000, formally closed on 11 January 2001 in a deal valued at around 165 billion dollars. Promoted as the union of old and new media, it lost most of its value as the dot-com bubble burst. It is often cited as one of the worst corporate mergers in history.