Business Services Industry
Time, AOL deal brings merger frenzy to Alley;Pace of combinations to accelerate as big players eye Web start-ups.
Crain's New York Business, January, 2000 by walsh, mark
The feverish pace of dealmaking in Silicon Alley is about to get even more frenzied in the wake of the America Online Inc.-Time Warner Inc. merger announced last week. The blockbuster marriage of old and new media is likely to trigger a flurry of mergers and acquisitions as competing Internet portals like Yahoo! Inc.
eye New York Web start-ups as a way to bolster their own content offerings. The proposed deal will also increase pressure on Web companies to join forces with traditional media companies to survive in the face of the AOL Time Warner Inc. juggernaut. "Any Internet company that doesn't have a real world presence will have to merge with a company that does or invest heavily to create one," says Matt Diamond, chief executive of Manhattan's Alloy...
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