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On June 23, 2015, AOL was acquired by Verizon Communications for .4 billion.AOL began in 1983, as a short-lived venture called Control Video Corporation (or CVC), founded by Bill von Meister.AOL offered the first real-time homework help service (the Teacher Pager—1990; prior to this, AOL provided homework help bulletin boards), the first service by children, for children (Kids Only Online, 1991), the first online service for parents (the Parents Information Network, 1991), the first online courses (1988), the first omnibus service for teachers (the Teachers' Information Network, 1990), the first online exhibit (Library of Congress, 1991), the first parental controls, and many other online education firsts.During this time, AOL connections would be flooded with users trying to get on, and many canceled their accounts due to constant busy signals.After the company parted ways with Apple in October 1989, Quantum changed the service's name to America Online.From the beginning, AOL included online games in its mix of products; many classic and casual games were included in the original Play Net software system.
In August 1988, Quantum launched PC Link, a service for IBM-compatible PCs developed in a joint venture with the Tandy Corporation.
AOL (formerly a company known as AOL Inc., originally known as America Online, and stylized as Aol.) is a web portal and online service provider based in New York.