the united states ** on-line with the merger of the time warner ** adopt a way for change:on-line shareholder in the united states adopt 1: 1 of the compar**on change a stock of buy the new company;the shareholder of the time warner then adopts 1: 1. 5 of the compar**on change to buy.through th** process, end united states was on-line to control a new company ** 55% ownership of a shares, complete to control.can say the time warner eats not small 亏 in buying to pay a way also.business enterpr**e's paying a way can ** divided into: the cash payment,stock pay to pay with comprehensive stock certificate.three kinds of pay a way each beneficial fraud, but in th** merger, obviously the stock pay ** a not w**e choice to the time warner company.the stock pay although need not use cash, will not bring about very great influence on the financial standing that buys a square business enterpr**e also.but ** bought the proprietor rights of the business enterpr**e to transfer also to and buy a square, and add the stock of the hair and will bring influence to the ownership of a share structure, cause the shareholder rights downplay thus, even makes the control power that the original shareholder loses to the business enterpr**e. 20210311
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