AOL originally provided dial up service to millions of Americans. At the height of its success it purchased the media conglomerate Time Warner. As dial up rapidly lost ground to broadband in the early 2000s, AOL's fortunes significantly retracted and it lost the vast majority of its value, laying off thousands of employees. AOL was eventually spun off, and Time Warner is worth fourteen times that of AOL, as of late 2015.
On May 12, 2015, Verizon Communications announced plans to buy AOL for $50 per share in a deal valued at $4.4 billion. The acquisition was completed on June 23, 2015. In the following months, AOL also made deals with Microsoft and acquired several tech properties including Millennial Media and Kanvas to bolster their mobile ad-tech capabilities.
Anglo-American is a term usually implying a relationship between the United States and the United Kingdom (specifically England), or the two countries' shared language (English) and/or cultural heritage. In this context the term may refer to:
English American, a person from the United States whose ancestry originates wholly or partly in England
A person from the United States who speaks English as their first language (see American English)
A collective term referring to those countries that have similar legal systems based on common law
The Anglo-American was an Englishmotor tricycle produced by a York company from 1899 to 1900. The company also offered motors that it claimed were "manufactured throughout in our own works", but which were most likely Continental imports.
Anglo American plc is a multinational mining company based in Johannesburg, South Africa and London, United Kingdom. It is the world's largest producer of platinum, with around 40% of world output. As well as being a major producer of diamonds, copper, nickel, iron ore and metallurgical and thermal coal. The company has operations in Africa, Asia, Australasia, Europe, North America and South America.
In December 2015 the company announced that after a US$3 billion loss in the first half of 2015, it would be undergoing a restructure, including the loss of 85,000 jobs out of 135,000.
1917 to 1990
Sir Ernest Oppenheimer, along with the American bank J.P. Morgan & Co., founded the Anglo American Corporation. A gold mining company, in 1917 with £1million, raised from UK and US sources, and ultimately derived the name of the company.
The AAC became the majority stakeholder in the De Beers company in 1926, a company formerly controlled by Alfred Beit, a fellow Jewish-German emigre of the Oppenheimers. Two years following, the AAC began mining in the Zambian copper belt.