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TW expected to settle with DOJ for $500 mil


Dec 15, 2004 12:00 a.m. - Variety.com

Business News: Settlement ends 2 1/2 year probe at AOL -- Time Warner will announce today a $500 million settlement with the Dept. of Justice, according to news reports late Tuesday night. The settlement would end a two-and-a-half year probe by regulators into wide-ranging allegations that primarily focused on accounting irregularities at America Online, which merged with Time Warner in 2001.

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