Comment Before Trump's America First! (Score 0) 25
I'm surprised we sold to a French company?! How does that make sense? The AOL stands for America on Line! We we? Here's ai Google enlightening me... You said: time warner owned AOL last i checked, then NBC Comcast bought Time Warner. so Comcast NBC should own AOL. isn't that correct?
time warner owned AOL last i checked, then NBC Comcast bought Time Warner. so Comcast NBC should own AOL. isn't that correct? +9 AOL and Time Warner did merge in 2000, but the companies separated years ago, and Comcast NBC does not own AOL.The complex ownership history unfolded as follows:The Split: Time Warner completely spun off AOL as an independent, publicly traded company in 2009.
The Verizon Era: In 2015, Verizon Communications acquired AOL for $4.4 billion.
The Apollo Era: In 2021, Verizon sold its media division (which included AOL) to the private equity firm Apollo Global Management for $5 billion.
Current Ownership: Italian tech company Bending Spoons acquired AOL.Meanwhile, regarding the media conglomerate you may be thinking of:Time Warner was never bought by Comcast NBC. Instead, it was acquired by AT&T in 2018 (and renamed WarnerMedia).In 2022, AT&T spun off its media assets, merging them with Discovery to create Warner Bros. Discovery.