America Online, Inc. Completes Acquisition of MapQuest.com, Inc.Business Editors/Hi-Tech Writers DULLES, Va.--(BUSINESS WIRE)--June 29, 2000 America Online See AOL. , Inc. (NYSE NYSE See: New York Stock Exchange :AOL (A division of Time Warner, Inc., New York, NY, www.aol.com) The world's largest online information service with access to the Internet, e-mail, chat rooms and a variety of databases and services. ) today announced that it has completed its acquisition of MapQuest.com Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :MQST). Earlier this week, MapQuest.com stockholders approved the stock-for-stock, pooling-of-interests transaction at a stockholder meeting in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . Under the terms of the agreement, shareholders of MapQuest.com will receive 0.31558 shares of AOL common stock for each share of MapQuest stock. About MapQuest.com, Inc. MapQuest.com, Inc. is a leader in providing online, voice and wireless mapping, directions and destination information solutions to consumers anytime, anywhere. MapQuest.com is the leading provider of maps on the Internet, licensing its branded solutions to more than 1,500 business partners and has links from more than 300,000 Web pages. About America Online, Inc. Founded in 1985, America Online, Inc. is the world's leader in interactive services, Web brands, Internet technologies and e-commerce services. |
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