There were major reasons for this failure. First, the two companies had never worked together, so they took on issues that both companies didn't care about whether the business could work or not. Second, the two companies had different financial methods, with AOL preferring to primarily use the stock option while Time Warner relied on divisional performance. Both reasons are based on the lack of communication between the two companies. Third, AOL operates like a big family, but Time Warner is a “fiefdom company.” Finally, AOL was trying to change the world while Time Warner was trying to defend business. This shows that the vision of the two companies is completely different, which made their acquisition nerve work. Table 2b: Different environment of AOL and Time Warner and the strategy Sources: AOL – The merger of Time Warner and its failureThis table shows the different environment and strategy of AOL and Time Warner. AOL can provide an Internet platform while Time Warner is the main cable provider supporting broadband. Chart 2c: AOL and Time Warner Development Industry Analysis Sources: AOL – The Time Warner Merger and Its Failure. These two charts show the development timeline of AQL and Time Warner, in this chart it shows us that the development timeline of the two companies was extremely different. AOL is in early development but Time Warner is almost at the end of development. Chart 2d: net income of AOL and Time Warner before and after merger and