|Over the last 10 years AOL has invested well over half a billion dollars in Israel. In recognition, it was awarded the Jubilee Award in 1998 by the Israeli Prime Minister.|
Products & Affiliated Companies:
|Time magazine, Life magazine, Time-Life books|
|ICQ (internet chat program)|
AOL allocates 30% of its investment portfolio in Israel. Over the last 10 years AOL has invested well over half a billion dollars in Israel.
The buy up of Israeli company Mirabilis, creators of ICQ (internet chat program), for $287m in 1998, and further payments totaling $120 million over a three-year period, forms part of AOLs investment in Israel.Jubilee Award by the Israeli Prime Minister Netanyahu. This is the highest tribute ever awarded by the “State of Israel” in recognition of those individuals and organizations, that through their investments and trade relationships, have done the most to strengthen the Israeli economy.
In the same year, 1998, AOL invested $40m for a 20% share in Israeli company Picture Vision.
Israeli Wireless software company Niragongo Inc. received an investment from AOL in February 2001.
In June 2001, AOL was one of three US companies that was singled out and given an award by the America-Israel Friendship League.
In November 2006, AOL increased its investment in Israel by aquiring Israeli startup company Relegence for between $50-100 million.
For a boycott to be effective, it must be followed up with a letter writing campaign to inform the companies that we are boycotting their products until they stop collaborating with Israel.
|Randy FalcoChairman & Chief Executive Officer,AOL LLC,22000 AOL Way,
Dulles, VA 20166The Date
Dear Mr. Falco,
I write with reference to your company’s continued support for Israeli apartheid.
Over the last 10 years AOL has invested well over half a billion dollars in Israel. Only last November AOL invested another $100 million by aquiring the Israeli company Relegence. These investments help prolong an unjust and immoral apartheid system which is illegally occupying Palestinian land.
I urgently request you to reconsider your support for this racist state by henceforth divesting from Israel.
In the meantime I will have no alternative but to boycott your company, and encourage others to do so. I look forward to receiving your assurances that you will no longer be supporting Israeli apartheid.
Your Name & Address