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American web portal and online service provider. For other uses, see AOL (disambiguation). AOLAOL Headquarters, 770 Broadway, New York Formerly Control Video Corporation () Quantum Computer Services () America Online () AOL Time Warner (2001-2009) Subsidiary Type Founded 1983; 39 years ago (as Control Video Corporation) 2009 (1983); 13 Years Ago (2009) (as AOL Inc.) Founders Mark Serif Steve Case Jim Kimsey William Von Meister Headquarters770 Broadway, New York, USA Service Area Global Services Web Portal & Online Services Employment5600 ParentsAOL Time Warner (20-20) (201-20) (20- 20) Inc. (Present 2021) Website AOL (stylized as Aol., formerly known as AOL Inc. and originally known as America Online) is an American Internet portal and online service provider based in New York. It is a brand promoted by the current Yahoo! Inc. The service traces its history back to an online service known as PlayNET. PlayNET licensed its Quantum Link (Q-Link) software, which was released on the Internet in November 1985. In 1988, a new IBM PC client was launched, which was renamed America Online in 1989. AOL has become the largest online service, replacing established players such as CompuServe and Source. By 1995, AOL had approximately three million active users 1. AOL was one of the pioneers of the Internet in the mid-1990s and the most recognizable brand on the Internet in the United States. It originally provided dial-up service to millions of Americans, pioneered instant messaging, and began offering Internet access in 1993. In 1998, AOL bought Netscape for $4.2 billion. In 2001, at the height of its popularity, it acquired media conglomerate Time Warner as part of the largest merger in US history. After that, AOL fell sharply, in part because of declining dial-up access and the rise of broadband. AOL was eventually spun off from Time Warner in 2009 and Tim Armstrong was appointed as the new CEO. Under his leadership, the company invested in media brands and advertising technology. On June 23, 2015, Verizon Communications acquired AOL for $4.4 billion. On May 3, 2021, Verizon announced that it would sell Yahoo and AOL to private equity firm Apollo Global Management for $5 billion. History: The Early Years AOL began in 1983 as the short-lived Control Video Corporation (or CVC), founded by William Von Meister. Its only product was the GameLine online service for the Atari 2600 game console after Warner Bros. rejected Von Meisters idea of buying music on demand. Subscribers purchased the modem from the company for $49.95 and paid a one-time setup fee of $15. GameLine allowed subscribers to temporarily download games and track high scores for $1.00 per game. The phone was turned off and the downloaded game remained in the main GameLine module and could be played until the console was turned off or another game was downloaded. In January 1983, Steve Case was hired.American internet portal and online service provider. For other uses, see AOL (disambiguation). AOLAOL Headquarters, 770 Broadway, New York Formerly Control Video Corporation () Quantum Computer Services () America Online () AOL Time Warner (2001-2009) Subsidiary Type Founded 1983; 39 Years Ago (as Control Video Corporation) 2009 (1983); 13 years ago (2009) (as AOL Inc.) FoundersMark SeriffSteve CaseJim KimseyWilliam von MeisterHeadquarters770 Broadway, New York, USAService areaWorldServicesWeb portal and online servicesEmployment5600ParentAOL Time Warner (2001-2009) Ya202ho Veriho Inc. (2021) Website AOL (stylized as Aol., formerly known as AOL Inc. and originally known as America Online) is an American Internet portal and online service provider based in New York. It is a brand promoted by the current incarnation of Yahoo! Inc. The service traces its history back to an online service known as PlayNET. PlayNET licensed its Quantum Link (Q-Link) software, which launched on the Internet in November 1985. In 1988, a new IBM PC client was launched, which was then renamed America Online in 1989. AOL grew to become the largest online service, replacing established players such as CompuServe and Source. By 1995, AOL had approximately three million active users. 1 AOL was one of the pioneers of the Internet in the mid-1990s and the most recognized brand on the Internet in the United States. It initially provided telephone service to millions of Americans, pioneered instant messaging, and in 1993 began offering Internet access. In 1998, AOL acquired Netscape for $4.2 billion. In 2001, at the height of its popularity, it took over the media group Time Warner in the largest merger in US history. After that, AOL declined sharply, due in part to the decline in dial-up access and the rise of broadband. AOL was eventually spun off from Time Warner in 2009 and Tim Armstrong was appointed as the new CEO. Under his leadership, the company invested in media brands and advertising technology. On June 23, 2015, Verizon Communications acquired AOL for $4.4 billion. In May 2021, Verizon announced that it would sell Yahoo and AOL to private equity firm Apollo Global Management for $5 billion. History: The Early Years AOL began in 1983 as a short-lived venture called Control Video Corporation (or CVC) founded by William von Meister. Its only product was an online service called GameLine for the Atari 2600 game console after Warner Bros. they rejected Von Meisters idea of buying music on demand. Subscribers purchased the modem from the company for $49.95 and paid a one-time $15 setup fee. GameLine allowed subscribers to temporarily download games and track high scores for $1.00 per game. The phone was turned off and the downloaded game remained in the main GameLine module and could be played until the console was turned off or another game was downloaded. In January 1983, Steve Case was hired.
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