BusinessWeek: AOL Time Warner Looks Set to Buy Business 2.0.Business Editors NEW YORK--(BUSINESS WIRE)--May 23, 2001 The Net marketing frenzy that plumped up New Economy publications, such as Business 2.0, The Industry Standard, Red Herring Red Herring A preliminary registration statement that must be filed with the SEC describing a new issue of stock (IPO) and the prospects of the issuing company. Notes: , and Upside into meaty tomes, has fizzled in the past year. Now, much like the market they cover, it's time It's Time was a successful political campaign run by the Australian Labor Party (ALP) under Gough Whitlam at the 1972 election in Australia. Campaigning on the perceived need for change after 23 years of conservative (Liberal Party of Australia) government, Labor put forward a for a shake out. The first in line appears to be Business 2.0. The 2-year-old magazine's publisher, Imagine Media, is negotiating to sell the publication to AOL (A division of Time Warner, Inc., New York, NY, www.aol.com) The world's largest online information service with access to the Internet, e-mail, chat rooms and a variety of databases and services. Time Warner, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. three sources close to the proposed deal. The acquisition could be inked as early as next week, BusinessWeek Online has learned, but it's unlikely AOL will meet Imagine's asking price in the neighborhood of 50 million, say the sources. |
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