NEW YORK: Internet visionary Steve Case is stepping down as chairman of AOL Time Warner Inc, succumbing to scathing criticism that the record media merger he helped to engineer is a failure.
The resignation, effective in May, completes the exodus of the key architects of the US$106.2bil, which has irked investors for not delivering on its promised to supercharge growth by marrying old and new media.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!