AOL-Time Warner Merger: Happily Ever After?

The most transformational event turns Wall Street on its ear, two giants into one and the future into an alluring promise

How big was it? In Northern Virginia on Friday night, Jimmy Lynn, an AOL marketing executive, got an inkling that something was happening. "I usually go to the Redskins games with a guy from the mergers and acquisitions group," Lynn explained. When the friend canceled--for the Redskins' first playoff game in seven years--Lynn knew it was not just something, but really something. In downtown Manhattan early Monday, the 7:30 a.m. daily research call emanating from the fifth-floor conference room of Merrill Lynch headquarters was handled by analysts Henry Blodget and Jessica Reif Cohen. Traders who had nearly run off the road...

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