https://howdealswork.com/Animated explainers of the biggest business deals in history: who bought what, why they paid that price, where the money came from, and what happened next. Run by M&A strategy consultant Erhan Civelek.enhttps://howdealswork.com/episodes/aol-time-warner/https://howdealswork.com/episodes/aol-time-warner/Thu, 22 Oct 2026 09:00:00 +0000How a company with a sixth of the sales bought the giant with its own shares, and where the $98.7 billion loss came from.