PREVIEW

... that the firefly system has brought to Steve Case has long since disappeared.

As long as the merger between AOL and Time Warner goes smoothly, the 7.6% stake held by Firefly Investment will be compressed again. The new AOL-Time Warner Group will be a publicly held company. Without the large shareholder with sufficient shareholding and influence, the control of the new company will be fully controlled by the board of directors and management.

As the established chairman and CEO of t ...

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