Former AOL CEO Jon Miller revealed to CNBC that he held talks to acquire both YouTube and Facebook in 2006 but never got support from the Time Warner board to close the deals.
Tencent, a Chinese technology company that owns WeChat and a number of video game assets, is now worth nearly $400 billion. Miller said he held discussions to buy a stake of more than 20%.
Miller served as AOL's CEO from 2002 to 2006, two years after AOL acquired Time Warner in 2000 for $165 billion, the second-largest deal in history. Over the course of his tenure, Time Warner took back control of the merged entity as AOL's revenue dwindled. Time Warner dropped the AOL name from the corporate entity in 2003.
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