NY Times: Inside the AOL-Time Warner Deal
„(…)Mr. Case explained to his AOL lieutenants that the Time Warner deal was necessary because AOL needed to make a move while its stock price was still high: ‚His calculation was that the Internet sector was already overvalued,‘ that ‚the company’s wild ride couldn’t last, that for all the buzz about the Internet and AOL’s place at the vanguard, it would ultimately come to an abrupt conclusion.‘ Merging with Time Warner offered AOL a means of ‚capital preservation.'“

Amazon.de: Stealing Time: Steve Case, Jerry Levin, and the Looting of AOL-Time Warner