AOL Acquired Time Warner
In 2000, American Online (AOL) was considered one of the biggest tech companies on the planet and they wanted to grow their business ventures. It’s why they spent $182 billion to buy Time Warner so they could add the company’s cable packages to their home internet packages. But several months later, the deal caused AOL’s value to crash.
And in 2009, Time Warner separated from AOL with an estimated worth of $36 billion, which was higher than AOL’s lowly $2.5 billion estimated worth. The failed acquisition set AOL back $146 billion and signaled the end of their reign as the primary home internet provider.