In nine pages this paper examines how globalization affects these companies and their competitiveness. Eight sources are cited in the bibliography.
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In the United States, federal antitrust attorneys were afraid that such a merger would control the Internet and tried to block the deal, unless the firms would agree to keep
their high-speed cable lines open to competitors ("Antitrust" A6). Of course, AOL and Time Warner only needed to present one contract to the FTC, but the companies had submitting
several proposals. The companies were under heavy scrutiny. There were antitrust issues and while the AOL/Time Warner deal turned things upside down for a time, there was another element in
the mix, an element that many did not consider. That is, AOL and Time Warner has a global reach and Bertelsmann owned a large share of AOL. The AOL/Time
Warner deal went through. Also, after Bertelsmann sold off its shares of AOL more recently it has the funds to acquire other interests. In the end, after Bertelsmann does make
a deal, it will be able to compete with AOL Time Warner. While it seems as if perhaps AOL Time Warner will have some competition, the truth is that the
newly merged company is not doing as well as expected. AOL has had problems. Still, both industry giants has its problems but one cannot discount both companies enormous presence
in the communications world. Certainly, it will have an impact on the future of communications. II. General Summary AOL Time Warner and Bertelsmann are
conglomerates that are presently in competition. Bertelsmann would sell its AOL shares eventually, and AOL and Time-Warner would merge despite opposition regarding antitrust issues. Now, Bertelsmann is trying to buy
the troubled Napster amongst other entities, but what happens exactly remains to be seen. Chronology of Important Events April 2002 Bertelsmann tries to make