Feeds

back to article Time Warner swallows Google's AOL stake

Time Warner has bought back the five per cent stake in AOL which Google bought for $1bn back in 2003 - only having to cough up $283m for the stake. Google wrote the investment down by $726m in February. The buyback is a necessary step in Time Warner's long-stated ambition to spin AOL off as an independent company. It hired …

COMMENTS

This topic is closed for new posts.
Anonymous Coward

Ah yes...

I remember when AOL were bought over... they went from being a fairly decent ISP to a majorly crap ISP..

Remember ye ol' free multiplayer games, like world of warcraft 2 and Starship troopers online.. and not forgetting Silent Death Online before EA took the games over.

0
0
FAIL

b****y AOL

AOL bought out Compuserve a number of years ago. As per El Reg report of a few weeks ago, (http://www.theregister.co.uk/2009/07/07/compuserve_shut_down_by_aol/) they decided to close the service down.

However, they are still charging me for the privilege of using their service! I tried to contact their customer support - all closed down. Instead I got a generic email telling me to contact AOL on the telephone line and helpfully provided the number. When I called the number provided, they tell me it's nothing to do with them and to contact Compuserve directly. (Hello - they are closed down and your company closed them)

Tried the email link and so far all I get are emails advising me how to change the password on my AOL mail service (which I don't have!!!)

Tried the credit card company (RBS) who say I need to go back to the supplier of the service. So I have now told them to shove their credit card as I simply cannot be bothered to fuss with it anymore. (that's the polite version)

Customer service - heard of it, but don't want anything to do with it.

0
0

AOL started as an "Online service"...

They were very late to the Internet (tm) party.

They had a great walled garden, but the hourly connection fees chased customers out into the jungle.

0
0
Stop

another name that shoud vanish

AOL should have been put to death a long time ago.

0
0
Alert

AOL started out before there were CD-ROMS

AOL was a name change from Quantum Computer Services, which provided an online service ("Q-Link") via local dialup numbers to Commodore 64 users. Its ISP days came long after the company started.

0
0
Pint

AOL used to have some use

AOL started out as an internet service provider distributing millions of promotional CDs^H^H^HFloppies.

This was the only useful thing - running low on floppies? <RING> "send me some of your sign up floppies, I want to give them to some friends"

0
0
Thumb Up

And will quickly

....vomit it out again.

0
0
Welcome

$160 Billion > $1 Billion > $283 Million + STUPIDITY ON SOMEONES PART, and they still have hope?

Aol is a dead fish in my neighborhood,

MS's Bing is circling the bowl,

and taking Yahoo with it.

LONG LIVE GOOGLE.

0
0

Holy mackerel!

$160BN? down to $282M? Those proportions astound me!

I remember the dot-com crash... overvalued companies gettin a reality check, resulting in my not being able to buy my employers options in 6 years!!

What I will never understand is, despite the fact that everyone was doing it, why would anyone buy a part of a company that is allegedly worth $160BN? Didnt they want proof???

I mean, AOL sucked for as long as I can remember lol!

*anyone remember AOL on win 95 and the browser it used? damn!

0
0
This topic is closed for new posts.