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Features of the original document layout such as columns, tables, line and letter spacing, pagination, and margins will not be preserved in the text version. If you need the complete document, download the WordPerfect version or Adobe Acrobat version, if available. This transfer of control would take place as the result of the proposed merger of AOL and Time Warner, following which both AOL and Time Warner would become wholly owned subsidiaries of a newly formed holding company, AOL Time Warner. The ultimate ownership and control of those entities holding licenses and authorizations would be transferred from AOL and Time Warner to AOL Time Warner. AOL and Time Warner submit that the public interest will benefit from the proposed transaction which will combine the strengths of the two companies to build an integrated media and communications company capable of enhancing consumers' access to the broadest selection of high-quality content and interactive services.