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And somehow you guys, AOL shareholders, ended up with the majority of the stock, even though Time Warner was arguably a much larger, more established company. And also, frankly, from an AOL standpoint, or representing our shareholders, we recognize there was some value in diversification. What was that process like of negotiations?
You can also in the act of doing that, experienced tax benefits and amortization of debt if it was used to finance the purchase. Another thing that stocks do, a lot of well-established companies they'll pay dividends in order to return value to shareholders. That can generate huge long-term returns that are really tax advantaged.
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