Question: AOL purchased Time Warner for 1 1 4 billion USD in 2 0 0 1 . By 2 0 0 3 , AOL Time Warner

AOL purchased Time Warner for 114 billion USD in 2001. By 2003, AOL Time Warner had lost 150 billion USD in market valuation. This is an example of a
Multiple Choice
good expansion.
reasonable divestiture.
cost savings strategy.
failed acquisition.

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