All Posts Tagged Tag: ‘AOL’
Whatever his faults, Microsoft cofounder Paul Allen is at least persistent and ambitious. Allen proved this yesterday by refiling a patent infringement lawsuit against AOL, Apple, eBay, Facebook, Google, Netflix, Office Depot, OfficeMax, Staples, Yahoo, and YouTube.
AOL announced that it has acquired ad platform firm Pictela. The company makes what is described as a "high-definition brand content platform" for online advertising and social media. This follows other recent acquisitions by AOl, such as that of TechCrunch, Thing Labs, 5min Media, and StudioNow.
AOL and Yahoo both have new focuses on churning out content. This is one reason why some industry analysts have suggested that the two companies would be a good fit for a merger. It’s made for interesting conversation, but there has never been any substantial evidence that the two companies would ever pursue such an endeavor.
AOL has launched a new AOL Video division, which the company says will aggregate its online video library assets under one "strategic umbrella." The company also says it delivers on the entire video value chain from creation through syndication to distribution, consumer experience and monetization.
Starting late yesterday, a fresh round of rumors began to circulate about a possible Yahoo-AOL deal. Then other sources and experts denied that anything’s taking place. But investors still seem to be excited about the concept, sending Yahoo and AOL’s stocks up a significant amount in early trading.
Earlier this morning, AOL delivered its third-quarter earnings report, and while there were significant problems, the company was able to impress investors. AOL’s stock is now up 6.05 percent, which is more than a decent way for it to start the day.
That increase is in part due to the fact AOL was able to report $563.5 million in total revenue, even though analysts thought the company would just report $557.0 million. Also, thanks to the sale of Kayak and ICQ, AOL managed to report $171.6 million in profit – a 132 percent year-over-year jump.
AOL said today it is selling four of its office buildings it no longer uses and two undeveloped pieces of land on its Dulles, Virginia campus to CB Richard Ellis Realty Trust for $144.5 million.
AOL said as of today it has approximately $750 million of cash on hand.