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  "documentTitle": "Time Warner Inc. (TWX)",
  "authorId": "14_Icahn",
  "authorName": "Lazard",
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  "presentationDate": "2006-02-01 00:00:00",
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  "notes": "This slide provides context on IAC's growth through acquisitions and its search strategy.",
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      "text": "Over recent years, Ask Jeeves has managed to grow its share of the domestic search market, while AOL's share has declined.",
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      "text": "IAC has focused on complementary businesses that interact in synergistic ways. For example, Ask Jeeves is expected to strengthen IAC's offerings by allowing it to leverage its local search product, Citysearch, through integration with the Ask Jeeves site. IAC also plans to place the Ask Jeeves search box on the websites of its other brands, as well as integrate offers from its other properties directly onto the search results page. While paid search results are provided through an agreement with Google, Ask Jeeves is powered by its own Teoma algorithmic search engine. By maintaining control over its own search technology, Ask Jeeves has given itself the opportunity to innovate and develop a differentiated product offering. Over recent years, Ask Jeeves has managed to grow its share of the domestic search market, while AOL's share has declined.",
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      "text": "IAC has evolved significantly from its origin as Silver King Broadcasting. It has been highly acquisitive and has also sought to launch and build new properties. For example, excluding travel related deals, in 2003 IAC acquired the remaining portion of Ticketmaster it did not own, and purchased Lending Tree, Entertainment Publications and uDate.com for aggregate consideration of $2.1 billion. In 2004, IAC acquired Zero Degrees, Home Loan Center, Domania, and ServiceMagic. Most recently in 2005, IAC acquired Ask Jeeves for $1.9 billion. IAC has also developed products and services internally and launched new properties such as RealEstate.com and Gifts.com. As a result, IAC now holds leading positions across a number of categories and is the market leader in online ticketing and personals, while ranking second in TV retailing and online mortgages. Further, IAC is able to generate organic web traffic and listings fees through its own product offerings, rather than through traffic deals or partnerships with third parties.",
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      "kind": "source-note",
      "text": "(a) Company filings.\n(b) Information and estimates based on various Wall Street research reports.",
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      "kind": "title",
      "text": "CHAPTER 2A: AOL",
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