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.............................. AOL America Online
Logo and Trademark..............................
AOL LLC. (formerly America Online, Inc.) is an American global Internet services and media company operated by Time Warner and headquartered in New York, New York. With regional branches around the world, the former American "goliath among Internet service providers" once had more than 30 million subscribers on several continents. In January 2000, AOL and Time Warner announced plans to merge. The terms of the deal negotiated called for AOL shareholders to own 55% of the new, combined company. The deal closed on January 11, 2001 after receiving regulatory approval from the FTC, the FCC and the European Union.
America Online, Inc., as the company was then called, was led by executives from both AOL, SBI and Time Warner. Gerald Levin, who had served as CEO of Time Warner, was CEO of the new company. Steve Case served as Chairman, J. Michael Kelly (from AOL) was the Chief Financial Officer, Robert W. Pittman (from AOL) and Dick Parsons (from Time Warner) served as Co-Chief Operating Officers. The total value of AOL stock subsequently plummeted from about $226 billion to about $20 billion. Similarly, its customer base has decreased to 13 million subscribers as of December 2006, just narrowly ahead of Comcast and AT&T Yahoo.
AOL is a company in transition, made evident by discussions of buy-outs and joint ventures during a period of dramatic decline in AOL's subscriber base. News reports in late 2005 identified companies such as Yahoo!, Microsoft, and Google as candidates for turning AOL into a joint venture;[4] those plans were apparently abandoned when it was revealed on December 20, 2005 that Google would purchase a 5% share of AOL for $1 billion.
AOL is also one of the worst voted Internet suppliers in a poll by BBC Watchdog. On March 31, 1997, the short lived eWorld was purchased by AOL, forcing the 115,000 users to subscribe to AOL. The ISP side of AOL UK was bought by The Carphone Warehouse in October 2006 to take advantage of their 100,000 LLU's (local loop unbundling), which makes The Carphone Warehouse the biggest LLU provider in the UK, enabling them to offer broadband at no charge to 90% of their TalkTalk Talk3 customers.
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