How many shares of AOL common stock did Time Warner receive?
Time Warner stockholders received 1 share of AOL common stock for every 11 shares of Time Warner common stock they held on the record date of November 27, 2009. The distribution of shares was made in book-entry form. Time Warner stockholders did not receive fractional shares of AOL common stock in the distribution.
When was the distribution date for the AOL shares?
The distribution date for the AOL shares was December 9, 2009. See above regarding two scenarios that could preclude the distribution of AOL shares to you. If you were entitled to receive shares of AOL, you did not receive any physical stock certificates for the AOL shares. Instead:
Do you have to exchange AOL shares for cash?
You must exchange your stock certificate (s) in order to receive your AOL shares, any cash in lieu of a fractional AOL share, and any future dividends or distributions on your Time Warner or AOL shares. When were the shares of AOL distributed?
What was AOL's first stock price?
Under CEO Steve Case, who helped reform the defunct Control Video Corp. into America Online, the company began trading on the Nasdaq Stock Market on March 19, 1992 under the ticker "AOL." The IPO was priced at $11.50. Shares rose 28.3% in its first day or trading to close at $14.75. 2. 1995 -- AOL.com Homepage Debut
What was AOL IPO?
1992 -- Going Public into America Online, the company began trading on the Nasdaq Stock Market on March 19, 1992 under the ticker "AOL." The IPO was priced at $11.50. Shares rose 28.3% in its first day or trading to close at $14.75. The company expands its products and services as more users sign on to the Internet.
Why did the AOL and Time Warner merger fail?
Because AOL was now unable to leverage the contents that Time Warner was providing, since their dial-up service was now ubiquitous. Additionally, the dot-com bubble began to burst in the early 2000.
Who owns AOL Time Warner?
Warner Bros. DiscoveryWarnerMedia / Parent organizationWarner Bros. Discovery, Inc. is an American multinational mass media and entertainment conglomerate. It was formed after the spin-off of WarnerMedia by AT&T, and its merger with Discovery, Inc. on April 8, 2022. Wikipedia
Is AOL publicly traded?
The announcement marked the completion of a 17-year unwinding of the media behemoth. Today none of the sprawling businesses that made up AOL Time Warner stands as a separate publicly traded company. From 1989 to 2001, Time Inc. took part in a series of megamergers that made it the largest media company in the world.
How much money did AOL lose?
$98.7 billionBattered media giant AOL Time Warner Inc. posted an annual loss of $98.7 billion, the largest in corporate history, after taking another massive charge to reflect the falling value of its Internet unit and other properties.
When did AOL and TWC merger?
Jan. 10, 2000merged with America Online. On Jan. 10, 2000, Time Warner — then the home of Warners, HBO, CNN, TBS, Time Warner Cable and Time magazine — was bought for $182 billion by AOL, which had 30 million subscribers using its dial-up service to access the internet and email.
How much did AOL sell for?
Verizon bought AOL for $4.4 billion in 2015 and Yahoo two years later for $4.5 billion. Verizon will get $4.25 billion in cash from the sale along with its 10% stake in the company. Verizon and Apollo said they expect the transaction to close in the second half of 2021.
When did AOL end?
After the shutdown of AIM in 2017, AOL's original chat rooms continued to be accessible through AOL Desktop Gold, and some rooms remained active during peak hours. That chat system was shut down on December 15, 2020.
Does AOL still exist?
The famed internet company that once bought Time Warner for $182 billion and used to make billions of dollars annually selling dial-up modem access, still has a monthly subscription service called AOL Advantage. In 2015, 2.1 million people were still using AOL's dial-up service.
When did AOL stock peak?
AOL would close at $14.75, up 28.3% on the day. On the day of it's IPO AOL would have a market cap of $62 million. By the end of 1999, AOL would be worth more than $100 billion, making a $100 investment at AOL's IPO worth more than $28,000.
When was AOL available to the public?
1992: AOL goes public. 1993: AOL starts mailing compact discs to homes to help them get online. 1995: The service reaches 1 million members.
How much is stock in AOL?
AOL Inc stock price live 49.99, this page displays NYSE (AOL) stock exchange data.
How did AOL fail?
At its peak, AOL had a market capitalization of more than $200 billion, dominating email, internet connectivity, online news and chat. But AOL couldn't maintain its superior position as subscription and advertising revenue dried up with the shift from dial-up modems to cable broadband.
What type of merger was AOL and Time Warner?
Under the terms of a definitive merger agreement already approved by both companies' board of directors, Time Warner shareholders and AOL shareholders will be able to exchange their shares for stock in the new company.
What happened to Time Warner?
Time Warner Cable, Inc. (TWC) was an American cable television company. Before it was acquired by Charter Communications on May 18, 2016, it was ranked the second largest cable company in the United States by revenue behind only Comcast, operating in 29 states.
When did AOL crash?
On June 23, 2015, AOL was acquired by Verizon Communications for $4.4 billion....AOL.AOL headquarters, 770 Broadway, New York CityParentAOL Time Warner (2001–2009) Verizon Communications (2015–2021) Yahoo! Inc. (2021–present)Websitewww.aol.com9 more rows
When did AOL go public?
A Short History of AOL, From 'You've Got Mail' to Verizon. Here are 17 things you should know about AOL since it went public in 1992 to now. Here are 17 things you should know about AOL since it went public in 1992 to now. NEW YORK ( TheStreet) -- Those of us who can remember back to the early days of America Online probably recall ...
How much did AOL buy advertising.com?
AOL acquires Advertising.com for $435 million in a move to shift its business model from subscription-based to advertising-based. "We intend to play big across the board in all the forms of Internet advertising," then-Chairman and CEO of AOL Jonathan Miller said at the time of the deal.
How much was AOL worth in 2003?
The deal, valued at $350 billion, created the world's largest media company at the time. In October 2003, the company dropped the AOL portion of its corporate name and began trading under the "TWX" ticker. The deal was hailed as historic at the time but soon turned to disaster.
Why was AOL investigated?
AOL was also investigated by the Securities and Exchange Commission and by the Department of Justice for allegedly inflating its ad revenue.
When did AOL buy the Huffington Post?
AOL acquires The Huffington Post for $315 million in March 2011. Arianna Huffington, the publication's co-founder and editor-in-chief, became AOL's president and editor-in-chief of The Huffington Post Media Group.
When did AOL and Time Warner merge?
AOL and Time Warner ( TWX) merge on Jan. 11, 2001 creating AOL Time Warner, celebrated in the photo above by AOL CEO Steve Case (left) and his counterpart at Time Warner, Gerald Levin. The company traded under the ticker "AOL.". The deal, valued at $350 billion, created the world's largest media company at the time.
When did America Online go public?
The company was renamed America Online in 1991 and went public the following year. With Verizon's ( VZ) - Get Report announcement that it plans to acquire AOL for $4.4 billion, TheStreet takes readers through some major developments at the company since it went public in 1992.
What is the book value per share of common stock?
Book value per share of common stock is common stockholders' equity per share of common stock. The portion of owners' equity allocated to preferred stock for this ratio is measured as the liquidation value per share. Therefore, the book value per share equals the net assets of the corporation per share that would be distributed to common shareholders on liquidation of the company, if the market value equaled book value for all assets and liabilities. The preferred shareholders would be paid the liquidation value per share first.
How much was Rya common stock worth in 2005?
On March 1, 2005, Rya Corp. issued 1,000 shares of its $20 par value common stock and 2,000 shares of its $20 par value convertible preferred stock for a total of $80,000. At this date, Rya's common stock was selling for $36 per share, and the convertible preferred stock was selling for $27 per share.
What is a liquidating dividend?
Any dividend which exceeds the balance of retained earnings is considered a liquidating dividend. In this case, the cash dividend exceeds 12/31/Y1 retained earnings by $175,000 ($600,000 − $425,000). The $175,000 represents the liquidating portion of the dividend.
What is gain or loss on disposal of asset?
The gain or loss on disposal of the asset distributed in a property dividend is the same gain or loss that would be recognized had the asset been sold at the time of the dividend.
How to calculate book value per share?
The book value per share is calculated as the total owners’ equity divided by the number of common shares outstanding, or $49 ($2,200,000/45,000 shares outstanding). The number of shares outstanding is 45,000 because the treasury shares are not outstanding shares.
When a property dividend is distributed, is the unrealized holding gain or loss on the property recognized?
When a property dividend is distributed, any unrealized holding gain or loss on the property is first recognized. The distribution of the property is a disposal and thus calls for the recognition of any holding gain or loss in earnings.
When did Pack Corp cancel its stock?
On December 31, 2004, Pack Corp.'s Board of Directors canceled 50,000 shares of $2.50 par value common stock held in treasury at an average cost of $13 per share. Before recording the cancellation of the treasury stock, Pack had the following balances in its stockholders' equity accounts: