AOL Inc. (NYSE:AOL) was founded in 1985 and is headquartered in New York, with 4,500 full-time employees. It is a well-known Internet service provider and was a subsidiary of Time Warner from 2000 to 2009 .
Today’s AOL originated from Control Video, a computer service company in the 1980s. The company was in financial crisis. Later, a computer company wanted to provide Internet access services for its Commodore business machine users. Control Video provided this. After serving, and getting rid of financial difficulties, it was renamed Quantum Computer Services (Quantum Computer Services, later acquired by Compaq, which became a subsidiary of HP since 2002 ).
- In 1998, it acquired CompuServe and ICQ. In 1999, it acquired Netscape.
- In 2000, AOL and Time Warner ( Time Warner ) announced plans to merge.
- On December 9, 2009, AOL officially separated from Time Warner, established an independent company and changed its logo to Aol. The company expects to transform from an Internet access provider into an advertising provider and original content provider through this move. During the merger with Time Warner, the company’s total market value shrank 98%.
- On February 8, 2011, AOL purchased the Huffington Post for $315 million.
- On August 8, 2013, AOL announced that it would acquire online advertising trading platform Adap.tv (Adap.tv is a company that helps companies sell and buy online video ads) for US$405 million.
- On May 12, 2015, the US communications giant Verizon (VZ) officially launched an acquisition from AOL (AOL). It is reported that VZ will acquire AOL for US$4.4 billion (for details, see: Verizon ). AOL’s stock price is fast before the market. Pulled up nearly 18%, while VZ shares fell slightly by 1.39%.
AOL Investment Reference: