By: Matthew Doman and Ian Mohr

Chairman Unfazed By Regulatory Delays

(The Hollywood Reporter) America Online Inc. chairman Steve Case said
Tuesday that he is unfazed by delays in regulatory approval of
his company’s pending $140 billion acquisition of Time Warner
Inc. in another day of dueling investor conferences in Manhattan.

Speaking to a media investment conference organized by UBS
Warburg, Case insisted that the merger is “on schedule” to close
“later this month or by the very early days of January.” Case
said, “We may know who the next president is before we get our
merger approved, but it will be done before he is inaugurated.”
The 43rd president of the United States is due to be inaugurated
Jan. 20.

Case also downplayed suggestions that rivalry among senior
executives after the merger would interfere with management of
the combined company. “People look at all the personalities —
Ted Turner, Bob Pittman, Richard Parsons, Gerald Levin, Steve
Case — and see problems,” Case said. “But all the people
involved in this deal have had success in their own right and are
not doing this to advance personal ambitions.”

Copyright 2000, Editor & Publisher.

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