AOL

AOL
Formerly
  • Control Video Corporation (1983–1985)
  • Quantum Computer Services (1985–1991)
  • America Online (1991–2009)
  • AOL Time Warner (2001–2009)
TypeSubsidiary
Founded
  • 1983 (1983) (as Control Video Corporation)
  • 2009 (2009) (as AOL Inc.)
Founders
Headquarters770 Broadway,
New York City
,
United States
Area served
Worldwide
ServicesWeb portal and online services
Number of employees
5,600
Parent
Websitewww.aol.com Edit this at Wikidata

AOL (stylized as Aol., formerly a company known as AOL Inc. and originally known as America Online) is an American web portal and online service provider based in New York City. It is a brand marketed by the current incarnation of Yahoo Inc.

The service traces its history to an online service known as PlayNET. PlayNET licensed its software to Quantum Link (Q-Link), who went online in November 1985. A new IBM PC client launched in 1988, eventually renamed as America Online in 1989. AOL grew to become the largest online service, displacing established players like CompuServe and The Source. By 1995, AOL had about three million active users.[1]

AOL was one of the early pioneers of the Internet in the mid-1990s, and the most recognized brand on the web in the United States. It originally provided a dial-up service to millions of Americans, pioneered instant messaging, and in 1993 began adding internet access. In 1998, AOL purchased Netscape for $4.2 billion. In 2001, at the height of its popularity, it purchased the media conglomerate Time Warner in the largest merger in U.S. history. AOL rapidly shrank thereafter, partly due to the decline of dial-up and rise of broadband.[2] AOL was eventually spun off from Time Warner in 2009, with Tim Armstrong appointed the new CEO. Under his leadership, the company invested in media brands and advertising technologies.

On June 23, 2015, AOL was acquired by Verizon Communications for $4.4 billion.[3][4] On May 3, 2021, Verizon announced it would sell Yahoo and AOL to private equity firm Apollo Global Management for $5 billion.[5]

  1. ^ Nollinger, Matt (September 1, 1995). "America, Online!". Wired. Retrieved October 25, 2018.
  2. ^ "Verizon buys faded Internet pioneer AOL for $4.4 bn". Business Insider.
  3. ^ Imbert, Fred (May 12, 2015). "Verizon to buy AOL for $4.4B; AOL shares soar". CNBC. Retrieved May 12, 2015.
  4. ^ Sawers, Paul (June 23, 2015). "Verizon completes $4.4B acquisition of AOL". VentureBeat. Retrieved June 23, 2015.
  5. ^ Jordan Valinsky. "Verizon offloads Yahoo and AOL in $5 billion deal". CNN. Retrieved May 3, 2021.

From Wikipedia, the free encyclopedia · View on Wikipedia

Developed by Nelliwinne