Why did AOL buy time warner Inc., not the other way around?

1, Warner Company's position and influence in the film and television entertainment industry: Warner Company is one of the largest entertainment companies in the world, with a large number of film and television resources and great influence in the film and television entertainment industry.

2. Financial strength in the American M&A era: In the American M&A era, the company had sufficient financial strength to pay the purchase price of Warner, thus realizing the acquisition of Warner.