The European Commission has rejected the remedies submitted by AOL and Time Warner and decided to block the proposed merger of the two companies over fears the deal will create a monopoly.
By Julian Goldsmith, 19 September 2000 10:15
NEWS The companies have until next Sunday to come up with more concessions in order to save the $125bn deal. The draft decision was circulated after the Commission threatened to block a deal between Time Warner and UK music giant, EMI. The EC will receive a package of proposals to push through this deal today.
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