July 16, 1999 |
Fidelity Investments' mammoth Magellan Fund dropped Internet service provider America Online Inc. and media giant Time Warner Inc. from its top 10 holdings at the end of June, the company reported Thursday. AOL, which Fidelity started selling in the first quarter, also recently disappeared from the top 10 holdings of six other funds in the same family. Analysts said Fidelity's moves have probably contributed to AOL's slide.
September 16, 1996 |
AOL Stock Moves to NYSE: Shares of America Online Inc. began trading on the New York Stock Exchange today, moving away from the Nasdaq Stock Market, where it was subjected to volatile swings, company executives said. The new stock symbol will be AOL; its symbol on Nasdaq has been AMER. The Dulles, Va.-based company is the nation's largest provider of online services, with more than 6 million subscribers. It grew rapidly in 1994 and 1995 but has slowed this year.
September 28, 2000 |
America Online, the world's largest Internet services provider, is allying with Japanese cellular phone giant NTT DoCoMo in a $100-million deal that will give AOL greater access to the prized Japanese market. The companies said they also plan to develop services linking personal computers and mobile phones with an eye toward marketing them internationally. NTT DoCoMo will pay $100 million for a 42.3% stake in AOL Japan, making it the company's largest shareholder.
September 20, 2000 |
America Online Inc.'s $142-billion buyout of Time Warner Inc. may be opposed as soon as this week by Federal Trade Commission lawyers, putting additional pressure on the companies to negotiate concessions, people familiar with the review said.
February 2, 1996 |
Johnson-Grace Co., which developed a technology that helps speed up transmission of digital computer data, has been acquired by its biggest customer, America Online Inc., the companies said Thursday. America Online, a Vienna, Va.-based computer online service, paid 1.6 million shares of its common stock, valued at about $70 million, to Johnson-Grace shareholders.
December 16, 1998 |
America Online Inc., the world's top Internet services provider, and Venezuelan conglomerate Cisneros Group said Tuesday they have formed a joint venture to offer online services across Latin America. The two partners said each will invest $100 million initially to fund the 50-50 joint venture. The Spanish- and Portuguese-language AOL services will be accessible to AOL members in the United States and elsewhere around the world, the companies said in a statement.