AOL Instant Messenger, one of the pioneering chat applications of the internet's early days, will be shut down December 15, the company said Friday.
About 2,100 jobs are on the chopping block as Verizon prepares to combine Yahoo and AOL for a digital advertising offensive.
Microsoft is handing off some its digital advertising business to AOL and selling its street-image mapping operation to Uber, as the giant software company tries to focus on activities more relevant to its core business.
In 2009, when Tim Armstrong took over as chief executive of AOL Inc., he faced a daunting task: Turn around a company that had gone from an Internet pioneer to near obsolescence in less than a decade.
Over its 30-year history, the company got America on the Internet, became a corporate power, lost its luster and reinvented itself several times in an effort to stay relevant.
After selling millions of Americans their mobile phones, Verizon now wants to capture their eyeballs, too.
A banner year for mergers and acquisitions will be followed by more deals next year as executives grow more confident in the strength of the U.S. economy, according to the consultancy firm EY.
AOL Inc. made a new investment in video Monday, acquiring a San Francisco startup that's built technology to simplify the process of syndicating online video.
AOL will provide Microsoft's MSN with more video and additional news stories from popular sites such as The Huffington Post and TechCrunch in an expansion of a deal aimed at selling more digital advertising.
(AP)—Yahoo CEO Marissa Mayer is getting some unsolicited advice on how to turn around the long-struggling Internet company, just like some of her predecessors who tangled with investors dissatisfied with management's performance.