Telefónica Europe business was rebranded to 'O2 Online' which continues in the UK as a mobile communications service provider tied to the O2 UK network. The Genie portal properties were rebranded O2 Active in UK, Germany, Ireland and the Netherlands, and Genie Asia became O2 Asia. O2 Asia became a subsidiary of O2 UK for governance purposes. On 31 October 2005, O2 agreed to be taken over by Telefónica, a Spanish telecommunications company, with a cash offer of £17.7 billion, or £2 per share. According to the merger announcement, O2 retained its name and continued to be based in the United Kingdom,
O2 Academy Bristol that holds a Ramshackle club night. O2 Academy Bristol The O2 Academy Bristol (formerly known as the Locarno) is a music venue located below the now demolished ice ring on Frogmore Street, Bristol, England. It is run by the Academy Music Group. On 1 January 2009 sponsorship was taken over from Carling by telecommunications company O2 and the venue's name changed from the Carling Academy to the O2 Academy. The Academy which hosts club nights (capacity 2,500) and gigs (capacity 2,000) was opened in 2001, and was the third Academy venue in the UK. The venue was originally part of