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AOL-Time Warner Await FCC

12/31/2000 7:00 PM Eastern

Washington-The Federal Communications Commission, reportedly weighing whether to regulate instant messaging technology, failed to act on America Online Inc.'s merger with Time Warner Inc. last Friday. The companies had urged the agency to approve the deal before Jan. 1 to avoid having to shoulder the expense of filing thousands of tax and accounting forms with federal, state, and local agencies.

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