May 24, 2016 2:48 AM ET

Internet Software and Services

Company Overview of AOL Inc.

Company Overview

AOL Inc. provides various digital brands, products, and services to consumers, advertisers, publishers, and subscribers worldwide. Its Brand Group segment offers original content produced by journalists, politicians, celebrities, academics, policy experts, freelance writers, and bloggers; curated content; curated and aggregated content from third parties; and user-generated content through AOL.com and The Huffington Post, and related sites, as well as through Engadget and TechCrunch branded properties. This segment also consists of other brands, including Moviefone, Makers, and StyleMePretty, as well as MapQuest, an online mapping and directions service. The company’s Membership Group segmen...

770 Broadway

New York, NY 10003

United States

Founded in 1985

4,500 Employees

Phone:

212-652-6400

Key Executives for AOL Inc.

Chief Executive Officer
Age: 44
Chief Financial Officer
Senior Vice President and Chief Executive Officer of AOL Membership Group & Patch Media
Age: 48
President of the BBG Fund
Age: 64
President of the Huffington Post Media Group and Editor-in-Chief of the Huffington Post Media Group
Age: 64
Compensation as of Fiscal Year 2015.

AOL Inc. Key Developments

Verizon Reportedly To Proceed With Yahoo Bid

Verizon Communications Inc. plans to make a first-round bid for Yahoo! Inc.’s Web business next week, and is willing to acquire Yahoo Japan Corporation (TSE:4689) stake to help sweeten the offer, according to people familiar with the matter. Google Inc. is also considering bidding for Yahoo’s core business, a separate person said. Potential suitors AT&T, Inc. (NYSE:T) and Comcast Corporation (NasdaqGS:CMCS.A) have decided against bidding, some of the people said, asking not to be identified as the discussions aren’t public. Microsoft Corporation (NasadqGS:MSFT), which failed with a hostile bid for Yahoo in 2008, won’t bid this time, another person said. Time Inc. (NYSE:TIME) is still evaluating a bid, while private equity funds Bain Capital, LP and TPG Capital, L.P. among others are also planning to make a run at the business, either alone or by backing a strategic acquirer, the people said. While the buyout firms haven’t yet paired themselves with a strategic buyer, they are open to the idea of doing so, the people said. First-round bids for the company’s main Web assets are due April 11, a person with knowledge of the matter said last week. Verizon and AOL Inc. are working with at least three financial advisers on the Yahoo bid, said three of the people. Hiring so many banks is a sign that Verizon is serious about its takeover plans it has said since late last year that it was interested in buying some or all of Yahoo. Representatives for Yahoo, AT&T, Comcast, Time, TPG and Verizon declined to comment. Representatives for Bain and Google didn’t immediately respond to requests for comment.

AOL Inc. Announces Executive Appointments

AOL Inc. has announced the appointment of Mark Connon as the chief mobile officer of AOL platforms and advertising. In this newly-created position, Connon will lead the company's progressive mobile strategy to ignite innovation and grow revenue for the company's global mobile offerings. Connon will report directly to Tim Armstrong, CEO of AOL. Previously, Connon served as Chief Revenue Officer and EVP, Corporate Development at Nexage. He has also held CEO, COO, executive-level corporate, and business development roles within a variety of successful, venture-backed startups and public companies. Additionally, AOL is announcing the appointment of Zac Pinkham to VP, International Mobile. Zac joined AOL through the company's acquisition of Millennial Media, where he served as Managing Director, EMEA and oversaw regional expansion and revenue. In this new role, Zac will build and lead AOL's international mobile strategy, supporting the mobile growth of the company's global agency and client partners. Zac will report directly to Mark Connon and Head of Global Demand Philip Duffield.

Verizon And AOL Reportedly Exploring Bid For Yahoo! Assets

Verizon Communications Inc (NYSE:VZ) has given Tim Armstrong (Timothy M. Armstrong), Chief Executive Officer of AOL Inc. a leading role in exploring a possible bid for Yahoo! Inc. (NasdaqGS:YHOO) assets according to a person with knowledge of the situation, Bloomberg reports.

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