AOL is owned by Apollo (the United States, NYSE: APO), which acquired the brand on 1 September 2021 for $5 billion.[1][2] AOL was founded in 1985 in New York, New York and was independent until 2021.
AOL brought millions of Americans online through dial-up in the 1990s, mailing out free trial discs in enormous quantities. Its $165 billion merger with Time Warner in 2000 is widely regarded as the worst corporate deal ever made; Verizon bought what remained in 2015 for $4.4 billion.
Funds managed by Apollo Global Management acquired ninety per cent of Verizon Media, comprising Yahoo and AOL and their properties, in a deal valued at about $5 billion. Verizon retained the remaining ten per cent.
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Frequently asked questions
Who is the parent company of AOL?
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The parent company of AOL is Apollo, a private-equity firm headquartered in the United States.
Is AOL American?
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Yes. AOL originated in the United States in 1985 and its owner, Apollo, is also headquartered in the United States.
When did Apollo buy AOL?
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Apollo completed its acquisition of AOL on 1 September 2021, after announcing the deal on 3 May 2021. The deal was valued at $5 billion (enterprise value).
Who owned AOL before Apollo?
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AOL was an independent company from its founding in 1985 in New York, New York until Apollo acquired it in 2021.
Is AOL still owned by Apollo?
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Yes. As of 16 September 2026, AOL is still owned by Apollo. The ownership record was last checked against primary sources on that date.
Sources (2) & corrections
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.