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Microsoft rumored to be purchasing AOL

Written by Andre Yoskowitz (Google+) @ 05 Jun 2010 1:25 User comments (12)

Microsoft rumored to be purchasing AOL Citing sources familiar with "AOL's strategy," it appears that Microsoft is ready to purchase the popular web portal, which would then be used to outsource web search to the Bing search engine.
Shares of AOL rose 1.3 percent despite a massive sell-off in the broader indexes.

AOL CEO Tim Armstrong recently noted that the company was exploring new web search deals with "more than two potential partners." AOL currently outsources its web search to Google, the clear market leader.

While those discussions are still ongoing, the conclusion could be an outright sale of the company to Microsoft, which has over $37 billion in cash on hand.

AOL is valued at about $2.3 billion.

Both companies declined comment on the matter.

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12 user comments

15.6.2010 10:35

lolz they'd go good together, as they have so much in common

25.6.2010 11:06

Good aol is shitty

35.6.2010 18:49

Maybe all of my family who just "have" to have their AOL portal because they know nothing else, will finally get a real email account!

45.6.2010 19:24

a waste of money

This message has been edited since its posting. Latest edit was made on 05 Jun 2010 @ 19:32

55.6.2010 22:08

i agree, waste of money and the end of aol

66.6.2010 6:34

One company owning majority of other companies = Monopoly
Microsoft or Google owning everything on earth = Not Monopoly? How?

76.6.2010 10:18
igoryok76
Inactive

I didn't even know either of these two companies was still relevant. Maybe the two could ride "into the sunset" together, like Thelma and Louise. LOL

86.6.2010 21:42

Originally posted by igoryok76:
I didn't even know either of these two companies was still relevant. Maybe the two could ride "into the sunset" together, like Thelma and Louise. LOL
That's what I was thinking. WTH? Why is even AOL still in existence if they had very little presence today. Doesn't make sense to me other than aquire more money.

96.6.2010 21:44

Originally posted by blueboy09:
Originally posted by igoryok76:
I didn't even know either of these two companies was still relevant. Maybe the two could ride "into the sunset" together, like Thelma and Louise. LOL
That's what I was thinking. WTH? Why is even AOL still in existence if they had very little presence today. Doesn't make sense to me other than aquire more money.
Sorry, meant to say that Microsoft has presence and AOL doesn't. Don't believe me. Ask someone who has bought an Xbox and they'll tell you.

106.6.2010 23:52

Quote:
Why is even AOL still in existence if they had very little presence today. Doesn't make sense to me other than aquire more money.
While they have few customers, AOL continues to charge customers from their bank accounts after the AOL account is closed...most customers don't even notice...the ones that do can only stop the charges by closing their bank accounts, and even then there is no way to get the stolen money back. This is a very profitable business model for them.

As for their search portal, it is junk...but still better than Bing.

117.6.2010 10:45

Originally posted by KillerBug:
Quote:
Why is even AOL still in existence if they had very little presence today. Doesn't make sense to me other than aquire more money.
While they have few customers, AOL continues to charge customers from their bank accounts after the AOL account is closed...most customers don't even notice...the ones that do can only stop the charges by closing their bank accounts, and even then there is no way to get the stolen money back. This is a very profitable business model for them.

As for their search portal, it is junk...but still better than Bing.
No crap, I bought a PC from BestBuy, they tried to push AOL on me. Told them that I did not want it. One year later, i get a bill on my Credit Card for a re-up on AOL. Found the BestBuy contract that said that I requested it. Pay attention to what you sign. Word means nothing.

127.6.2010 23:11

Originally posted by glassd:
No crap, I bought a PC from BestBuy, they tried to push AOL on me. Told them that I did not want it. One year later, i get a bill on my Credit Card for a re-up on AOL. Found the BestBuy contract that said that I requested it. Pay attention to what you sign. Word means nothing.
I'll make sure not to buy any laptops there...not that I was panning to anyway.

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