Business Services Industry
AOL Deal May Spark Buying Frenzy between Internet, Media Firms.(Knight Ridder/Tribune Business News)
Knight Ridder/Tribune Business News, January, 2000 by Glanz, William
Jan. 12--The creation of AOL Time Warner Inc. could spark a buying frenzy between Internet companies and old-line media companies, with the upstarts in the driver's seat.
AOL's purchase of Time Warner could cause other tech companies to follow suit and make bids for media companies or let Internet companies play one media company off another as they weigh merger offers, analysts said.
Not only could the deals be plentiful, they also could be enormous. Monday's merger was valued at $183.8 billion, the largest to date.
Similar deals could begin taking shape in three months, some analysts predicted.
"With something of this size, it gives people a lot more confidence. No deal is too big now," said Bob Kipps, senior vice president of...
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