Fools Rush In by Nina Munk
Steve Case, Jerry Levin, and the Unmaking of AOL Time Warner

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Every era has its merger; every era has its story. For the New Media age it was an even bigger disaster: the AOL-Time Warner deal.

At the time AOL and Time Warner were considered a matchless combination of old media content and new media distribution. But very soon after the deal was announced things started to go bad—and then from bad to worse. Less than four years after the deal was announced, every significant figure in the deal -save the politically astute Richard Parsons—has left the company, along with scores of others. Nearly a $100 billion was written off and a stock that once traded at $100 now trades near $10.

What happened? Where did it all go wrong? In this deeply sourced and deftly written book, Nina Munk gives us a window into the minds of two of the oddest men to ever run billion-dollar empires. Steve Case, the boy wonder who built AOL one free floppy disk at a time, was searching for a way out of the New Economy.  Meanwhile Jerry Levin, who'd made his reputation as a visionary when he put HBO on satellite distribution, was searching for a monumental deal. These two men, more interested in their place in history than their personal fortunes, each thought they were out-smarting the other.


About Nina Munk

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NINA MUNK is a Contributing Editor at Vanity Fair, where she writes about finance and business, and the author of Fools Rush In: Jerry Levin, Steve Case, and the Unmaking of AOL Time Warner.

Author Residence: New York, NY
Published October 13, 2009 by HarperCollins e-books. 368 pages
Genres: Biographies & Memoirs, Business & Economics. Non-fiction

Unrated Critic Reviews for Fools Rush In

Publishers Weekly

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Munk's entry to the growing list of books about the AOL Time Warner merger provides a thorough recap of the debacle, with the author coming to her own conclusion on the causes behind the merger's failure.

| Read Full Review of Fools Rush In : Steve Case, J...

Entertainment Weekly

If Enron's demise was fueled by unmitigated greed, then the undoing of AOL Time Warner was powered by the giant egos and self-righteousness of its chiefs: Steve Case and Gerald Levin.

Jan 16 2004 | Read Full Review of Fools Rush In : Steve Case, J...

The Motley Fool

Why was the merger between AOL and Time Warner (NYSE: TWX ) such a debacle?

Sep 20 2006 | Read Full Review of Fools Rush In : Steve Case, J...

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