1983 as Quantum Computer
Headquarters New York City, NY, United
Tim Armstrong, CEO
Internet & Communications
AOL LLC (formerly America Online) is an
American global Internet services and media
company operated by Time Warner. It is
headquartered at 770 Broadway in New
York, NY. Founded in 1983 as Quantum
it has franchised its
services to companies in several nations
around the world or set up international ver-
sions of its services.
AOL is best known for its [[rohith] soft-
ware suite, also called "AOL", that allowed
millions of customers around the world to ac-
cess the world’s largest "walled garden" on-
line community and eventually reach out to
the internet as a whole. At its zenith, AOL’s
membership was over 30 million members
worldwide, most of whom accessed the
AOL service through the AOL software suite.
With regional branches around the world, the
former American "goliath among Internet
service providers" once had more than 30
million subscribers on several continents.
In January 2000, AOL and Time Warner an-
nounced plans to merge. The terms of the
deal negotiated called for AOL shareholders
to own 55% of the new, combined company.
The deal closed on 11 January 2001 after re-
ceiving regulatory approval from the FTC,
the FCC and the European Union.
America Online, Inc., as the company
was then called, was led by executives from
AOL, SBI and Time Warner. Gerald Levin,
who had served as CEO of Time Warner, was
CEO of the new company. Steve Case served
as Chairman, J. Michael Kelly (from AOL) was
the Chief Financial Officer, Robert W.
Pittman (from AOL) and Dick Parsons (from
Time Warner) served as Co-Chief Operating
Officers. The total value of AOL stock sub-
sequently went from $226 billion to about
$20 billion. Similarly, its customer base
has decreased to 10.1 million subscribers as