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In January 2000, AOL and Time Warner announced plans to merge, forming AOL Time Warner, Inc.The terms of the deal called for AOL shareholders to own 55% of the new, combined company. The new company was led by executives from AOL, SBI, and Time Warner.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.This is commonly referred to as the "Eternal September", as Usenet's cycle of new users was previously dominated by smaller numbers of college and university freshmen gaining access in September and taking a few weeks to acclimate.This also coincided with a new "carpet bombing" marketing campaign by CMO Jan Brandt to distribute as many free trial AOL trial disks as possible through nonconventional distribution partners.After the company parted ways with Apple in October 1989, Quantum changed the service's name to America Online.From the beginning, AOL included online games in its mix of products; many classic and casual games were included in the original Play Net software system.
Over the next several years, AOL launched services with the National Education Association, the American Federation of Teachers, National Geographic, the Smithsonian Institution, the Library of Congress, Pearson, Scholastic, ASCD, NSBA, NCTE, Discovery Networks, Turner Education Services (CNN Newsroom), NPR, The Princeton Review, Stanley Kaplan, Barron's, Highlights for Kids, the U. Department of Education, and many other education providers.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.A commercial featuring Steve Case telling people AOL was working day and night to fix the problem was made.Within three years, AOL's user base grew to 10 million people.The service was different from other online services as it used the computing power of the Commodore 64 and the Apple II rather than just a "dumb" terminal.It passed tokens back and forth and provided a fixed price service tailored for home users.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.