This is the first straightforward thing I’ve seen from Steve Case in the whole should-AOL-breakup discussion:
We tried to establish a business relationship between AOL and Time Warner Cable in the late 90s. It was hard to do. I thought the merger would make it easier. I was wrong.
Of course, now Steve owns $250mm shares worth of the combined company, and he is an outsider, so unwinding the deal makes complete sense to him. Funny how that goes.
Related posts:
this story has been trumpeted everywhere. if he was wrong then, why would he be right now?