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On June 23, 2015, AOL was acquired by Verizon Communications for .4 billion.
AOL began in 1983, as a short-lived venture called Control Video Corporation (or CVC), founded by Bill von Meister.
AOL (formerly a company known as AOL Inc., originally known as America Online, and stylized as Aol.) is a web portal and online service provider based in New York.
It is a brand marketed by Oath, a subsidiary of Verizon Communications.
Kimsey soon began to groom Case to take over the role of CEO, which he did when Kimsey retired in 1991.
The Quantum Link software was based on software licensed from Play Net, Inc, (founded in 1983 by Howard Goldberg and Dave Panzl).At the height of its popularity, it purchased the media conglomerate Time Warner in the largest merger in U. 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.Its sole product was an online service called Game Line for the Atari 2600 video game console, after von Meister's idea of buying music on demand was rejected by Warner Bros.Subscribers bought a modem from the company for US.95 and paid a one-time US setup fee.Kimsey was brought in by his West Point friend Frank Caufield, an investor in the company.