On top of $23 billion of existing debt, it needs to borrow $7 billion to buy rest of AOL Europe. Might have to add another $10 billion to strike key deal with Comcast, possibly putting its investment grade credit rating at risk.
FALLEN STOCK PRICE
Shares, down 49% since January, 2001, acquisition of Time Warner, won't go far toward making new deals.
Over-promised on growth targets in 2001, turning Wall Street skeptical of its numbers.