The Federal Communications Commission approved Thursday America Online's merger with Time Warner, giving the companies final clearance to close the deal and create a new- and old-media giant. FCC approval was held up for weeks as the agency struggled with whether to force AOL's instant messengering service to stop blocking users of other companies' services from communicating with its subscribers.
January 11, 2001 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
The Federal Communications Commission on Thursday approved America Online’s $103 billion merger with Time Warner, giving the companies the final clearance they need to close the deal and create a new- and old-media giant.
The FCC approval included some conditions on the merged company’s instant-messaging and high-speed Internet services. But the conditions will have little immediate effect beyond limits already imposed by the Federal Trade Commission when it approved the deal last month.
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