AfterDawn: News

AOL looking to go private

AOL is in talks with banks in an effort to take the struggling company private.

For now, the discussion are revolving around a per share price in which AOL's management would consider being taken private.



The company, and its shares have struggled massively as the management tries to complete a restructuring into a digital content company.

Since IPOing in 2009, stock in the company has fallen from as high as $30 to $15 as of today, and as low as $10, last week.

AOL has tried to become a web content company, with its biggest purchase being The Huffington Post for $300 million last year.

Written by: Andre Yoskowitz @ 31 Aug 2011 16:24

• Previous article

• Facebook to reveal music service this month

• Next article

• Don't forget: Netflix price hike starts today

• 5 comments

• hikaricor

  AOL should just kill itself.

  31.8.2011 16:41 #1

• xaznboitx

  DUH AOL, dialup cost more than cable!!! I remember paying 50.00 while I have cable which cost 29.99 25mb with two years contract. Without the contract price is same as AOL which is 50.00 it's just the installation fee that you have to pay.

  1.9.2011 02:20 #2

• dEwMe

  hehehe and they'll be glad to charge you to connect to them over your cable connection! AOL had it's time but has been irrelivant for years now..
  
  

  Just my $0.02,
  
  dEwMe

  1.9.2011 14:05 #3

• Xplorer4

  Originally posted by xaznboitx: DUH AOL, dialup cost more than cable!!! I remember paying 50.00 while I have cable which cost 29.99 25mb with two years contract. Without the contract price is same as AOL which is 50.00 it's just the installation fee that you have to pay.
  Where did you come up with $50 for AOL? There most expensive dial up plan is ~$26. Even back in the 28K modem days I only recall AOL costing $20-$25. Don't get me wrong, AOL has the worst customer service I have ever dealt with, and it is time to just give up already, but I can't figure out where you came up with $50 unless you were living in a really rural area maybe.
  

  Thermaltake Mozart TX Case - Core i7 860 - MSI P55-GD65 - 2x2 GB DDR3 G.Skill Ripjaws - Sapphire 4890 1 GB Vapor X - 2 Intel X25-M Mainstream SSDSA2M080G2R5 in RAID 0 - 1x1TB WD Caviar Black - 1x1TB WD Caviar Green - 1x2TB WD Caviar Black - 1x2TB WD Caviar Green - Corsair HX520 PSU

  3.9.2011 14:04 #4

• FredBun

  Originally posted by Xplorer4: Originally posted by xaznboitx: DUH AOL, dialup cost more than cable!!! I remember paying 50.00 while I have cable which cost 29.99 25mb with two years contract. Without the contract price is same as AOL which is 50.00 it's just the installation fee that you have to pay.
  Where did you come up with $50 for AOL? There most expensive dial up plan is ~$26. Even back in the 28K modem days I only recall AOL costing $20-$25. Don't get me wrong, AOL has the worst customer service I have ever dealt with, and it is time to just give up already, but I can't figure out where you came up with $50 unless you were living in a really rural area maybe. I agree, I never hear anything about paying 50 bucks.
  
  Also, correct me if I'm wrong, I have friends that use e.g. hotmail, yahoo, the best customer service I ever see them get was thru e-mail support, and we know how that works out, with aol they still have phone support sucky or not that's still better than any e-mail support.
  

  9.9.2011 11:16 #5