August 30, 2016 8:27 PM 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: 45
Chief Financial Officer
Senior Vice President and Chief Executive Officer of AOL Membership Group & Patch Media
Age: 49
President of the BBG Fund
Age: 65
President of the Huffington Post Media Group and Editor-in-Chief of the Huffington Post Media Group
Age: 65
Compensation as of Fiscal Year 2016.

AOL Inc. Key Developments

AOL Reportedly Chasing Merger With Yahoo.

AOL Inc. is chasing a merger with US internet major Yahoo, said by AOL chief executive Tim Armstrong.

AOL Inc. Appoint Executives

AOL Inc. named Tim Mahlman the new president of AOL Platforms, the company announced June 15. In his new role, Mahlman will head a global team of 1,400 engineers, product developers and sales and client leads, in charge of growing the presence of AOL's technology solutions in the advertising ecosystem. Mahlman will report to AOL CEO Tim Armstrong. Mahlman is currently serving as global head of AOL's publisher technology platform, and was the founder of video content exchange platform Vidible, which AOL bought in 2014. AOL also appointed Matt Gillis as senior vice president of publisher platforms and Jay Seideman as senior vice president of advertising platforms, both for AOL Platforms. They will report directly to Mahlman.

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.

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