Citigroup, which has announced a similar relationship with AOL, said yesterday that it would provide AOL with a payment system, called AOL Quick Cash, that its members can use to transfer money over the Internet for $2 a transaction.
According to a Geffen press release, her December 6 AOL Music Live performance "had the biggest 1 week audience ever for AOL with 1.6 million plays".
With the merger-related charges taken, it becomes easier to compare AOL with hundreds of other companies with profits.
The complaint contends that Homestore was essentially "buying revenue" by paying AOL with stock in exchange for ad sales.
"The web war is over," argues Mr Blodget, "and Microsoft lost".This might suggest that a combination of AOL with MSN makes the most sense.
Citigroup's Salomon Smith Barney provided AOL with a "fairness" opinion, the very notion of which seems suspect given the subsequent collapse in share prices.
The transaction was spun to the world as a merger of equals, but in reality AOL, with its more valuable stock, was acquiring Time Warner.
The deal will also provide AOL with some sorely needed cash as the struggling Internet company continues its attempt to refashion itself as a media content provider.
AOL, with its goofy mailbox, bulky structure, and overpriced hand-holding service for the terrified, was obviously up to no good.
There was recently a revamping within AOL, with a number of products being placed under Arthur "Artie" Minson, the company's chief financial officer.
