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Why did the AOL-TimeWarner merger fail?

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Why did the AOL-TimeWarner merger fail?
>>
They should have merged into Netflix with Blockbuster.

Fuck they were dumb.
>>
AOL still holds the record for most abysmal and toxic customer service

They were massively over leveraged and their business model was already on its way to getting fucked even be the dot com crash
>>
>>1071858

It's funny because there are about a dozen companies that turned down Netflix and are now failing

Blockbuster, Yahoo, AOL, and it was even rumored that RadioShack was offered a chance to purchase and declined it
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