Steve Case

Former AOL Execs Case, Leonsis Return to Rally AOL Employees

Authored by Mark Hefflinger on March 18, 2009 - 10:15am.

Dulles, Va. - Hoping to bolster the spirits of layoff-weary employees, AOL on Tuesday held a town-hall meeting at its former Dulles, Va. headquarters on Tuesday, which included the introduction of new CEO Tim Armstrong as well as appearances by former executives Steve Case and Ted Leonsis.

Social Application Developer LivingSocial.com Lands $5 Million

Authored by Mark Hefflinger on July 21, 2008 - 7:29am.

Washington - LivingSocial.com, an online community that allows people to review and share their favorite movies, books, games, music, restaurants and beer, said on Monday that it has raised more than $5 million in its first round of funding, led by Grotech Ventures.

Documentary Site SnagFilms Launches, Acquires indieWIRE

Authored by Mark Hefflinger on July 17, 2008 - 8:18am.

Washington - Ted Leonsis, the vice chairman emeritus of AOL and a well-noted film buff, on Thursday launched his new documentary site, known as SnagFilms. The DC-based company, also backed by AOL co-founder Steve Case and venture capitalist Miles Gilburne, said that it aims to address the "bottleneck" in documentary distribution that "has left many great films unable to reach their potential audience or to provide a viable financial return."

Steve Case's Revolution Launches Qloud Online Music Service

Authored by Mark Hefflinger on November 1, 2007 - 8:23am.

Washington - Revolution, the DC-based investment firm headed by AOL (NYSE: TW) co-founder Steve Case, said on Thursday that it has formally launched a free online music service called Qloud. The service debuted as a Facebook application less than three months ago, and already has 1 million registered users and 120 million recorded plays.

Steve Case Launches Internet Payments Firm Revolution Money

Authored by Mark Hefflinger on September 25, 2007 - 7:20am.

Washington - AOL co-founder Steve Case has announced the launch of Revolution Money, a company that says it wants to "transform the payment industry" through a new Web-based payment platform.

Steve Case Tells Charlie Rose He's "Sorry" for AOL-Time Warner Merger

Authored by Mark Hefflinger on July 24, 2006 - 6:27pm.

Dulles, Va. - Steve Case, the co-founder of AOL, told a national interviewer that he was "sorry" for AOL's much-maligned merger with Time Warner. Appearing on PBS's "Charlie Rose" on Friday, Case said that the concept behind the 2001 mega-deal "made tremendous sense," but has not turned out the way he envisioned.

AOL Co-Founder Steve Case Calls for Breakup of Time Warner

Authored by Mark Hefflinger on December 12, 2005 - 4:11am.

Dulles, Va. - Steve Case, the former head of America Online who six years ago spearheaded that company's merger with media giant Time Warner, now says that it's time to undo the much-maligned merger, advocating the break-up of the company into four independent parts. Writing in Sunday's Washington Post, Case said that the original intent of the deal was to spur collaboration between Time Warner's various businesses, but that the spirit never took hold. In fact, innovation sputtered, particularly with regard to AOL, he said. "Instead of propelling AOL to new heights, the association with Time Warner has weighed AOL down, while its competitors, such as Google and Yahoo, have made important strides forward," Case wrote. He said that he expressed his views to the company's board in July, calling for its separation into four freestanding companies -- Time Warner Cable, Time Warner Entertainment, Time Inc. and AOL. With its own stock, he said, AOL could return to its old philosophy of growing through acquisitions, such as it did by acquiring companies like MapQuest and ICQ, and would be more free to push forward into areas such as Internet phone and social networking. Case, now the chairman and CEO of DC-based private investment firm Revolution, recently gave up his board seat at Time Warner but remains one of its largest shareholders, with holding of more than $250 million.

tags: AOL | Steve Case | Breakup of Time Warner |

NY Daily News: Steve Case May Attempt to Buy Back America Online

Authored by Mark Hefflinger on March 30, 2004 - 3:57am.

Dulles, Va. -- Steve Case, the former chairman of America Online, is reportedly raising $10 billion in an attempt to buy back AOL from parent Time Warner, the New York Daily News reported on Tuesday. "It would be his redemption," one Wall Street source told the Daily News. Case, who headed AOL when it merged with Time Warner in 2000, reportedly explored such a deal last year but was rebuffed because Time Warner wasn't ready to sell. Now that federal investigations into AOL's accounting practices are nearly complete, however, Wall Street insiders believe the time is right. Some analysts say that such a deal would be attractive to Time Warner, which recently chose to drop the "AOL" from its corporate name in an effort to distance itself from the unit's financial concerns. Others, however, believe that the media giant may want to hold onto AOL, now that its business appears to be on the rebound. One industry insider, in fact, said that Time Warner is looking for "far more" than $10 billion for AOL.

tags: Internet | America | Steve Case | NY Daily News |