AOL and Time Warner Get Merger Okay from European Commission - TheStreet

America Online

(AOL)

this morning got word that the

European Commission

approved its $135 billion acquisition of

Time Warner

(TWX)

. AOL was getting an offer of $56.50 in preopen action on

Instinet

, down from its closing price of $57.24 yesterday. There were no trades yet on Time Warner this morning.