The biggest Internet deal of its kind.
Published:
8 February 1999 y., Monday
In what is being hailed as the biggest Internet deal of its kind, America Online, Inc. Wednesday announced a $500 million advertising and marketing agreement with BANK ONE CORP. subsidiary First USA. The new five-year alliance extends the companies earlier partnership, begun in 1996, in which they issued a co-branded credit card, the AOL Visa card.
Today_s announcement names First USA as the exclusive marketer of credit card products and services on AOL, as well as subsidiaries CompuServe, AOL.COM and AOL Instant Messenger in the U.S. and Canada. Products and services will also be marketed on AOL_s Digital City. The companies said they expect the union to yield up to $500 million if targeted goals are reached and also anticipate major guaranteed revenue to AOL and marketing agreements to First USA.
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Statistics Lithuania has calculated that, based on provisional data, FDI in Lithuania in 2009 amounted by 5.3 % more than in 2008. Also, direct investment of Lithuanian enterprises abroad grew by 13.9 % in 2009.
more »
Concerns about foreign fish being sold in Europe and what to do about the future of Europe's fisheries industry were aired in a hearing held by the Fisheries Committee on 8 April.
more »
EU opens public debate on its agricultural policy, the prelude to a major reform in 2013.
more »
The European Commission today launched a €35 million call for eco-innovation projects to be funded under the Competitiveness and Innovation Programme.
more »
Bank SNORAS group company Finasta Holding recruits all funds management and investment companies of the group in the Baltic States.
more »
The European Central Bank (ECB) and the European Commission are jointly holding a high-level conference on financial integration and stability at the ECB’s premises in Frankfurt am Main.
more »
Today, the European Central Bank (ECB) is publishing its fourth Report on Financial Integration in Europe, which notes the return towards integration in the European financial markets.
more »
World Bank Group financial commitments since July 2008, just before the full fury of the financial crisis hit, reached US$ 100 billion today as the institution helped countries respond to and recover from the global downturn.
more »
On March 31, 2010, the Executive Board of the International Monetary Fund concluded the Article IV consultation with Serbia.
more »
The International Monetary Fund and the United Kingdom’s Department for International Development have launched a new project to improve macroeconomic statistics in 23 African countries. DFID will provide US$7.5 million over the next five years to support the project.
more »