Internet related News · 2015-05-12

Verizon to acquire AOL for $4.4 billion all cash

It’s a big bang take-over. Verizon Communications on Tuesday announced it would be acquiring AOL for US $4.4 billion in an all-cash deal.
Verizon, the largest mobile phone operator in the country, said it was buying AOL for its video services. Verizon is already a market leader in the US in distributing mobile video through its mobile phone network. But truth be told, AOL is just a shadow of its once glorious self.  AOL was acquired by Time Warner for US $165 billion a few years ago, when AOL was on the downside. AOL does own The Huffington Post, an international Site drawing heavy traffic. 

http://news.google.com May 12, 2015 

Verizon Communications on Tuesday said it would acquire AOL for $4.4 billion in an all-cash deal that will see today’s king of mobile phones acquire the one-time king of media….

 

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AOL’s stock soars after agreeing to be acquired by Verizon – MarketWatch

http://news.google.com  May 12, 2015 

Shares of AOL Inc. AOL, -1.91% shot up 19% in premarket trade Tuesday, after the Internet content company agreed to be acquired by Verizon Communications Inc. VZ, -0.68% in a deal …

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Verizon Acquires AOL For $4.4 Billion – NPR

http://news.google.com May 12, 2015 

Verizon Communications says it will buy the online pioneer AOL for about $4.4 billion. The transaction will be completed this summer, and AOL will become a wholly owned subsidiary of Verizon…

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Verizon Says It Will Buy AOL in Deal Worth $4.4B to Strengthen Mobile, Ad … – ABC News

http://news.google.com  May 12, 2015 

Verizon says it will buy AOL in deal worth $4.4B to strengthen mobile, ad offerings. Share. 0. Join the Discussion. Disqus seems to be …

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Verizon bids $4.4 billion for AOL – Network World

http://news.google.com May 12, 2015 

Verizon Communications has agreed to buy AOL for about $4.4 billion, as it looks to build more extensive digital and video platforms to drive future growth. Network operators have to find new ways to make …

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Verizon says it will buy AOL in deal worth $4.4B to strengthen mobile, ad … – SFGate

http://news.google.com  May 12, 2015 

NEW YORK (AP) — Verizon says it will buy AOL in deal worth $4.4B to strengthen mobile, ad offerings. Latest Top Business Videos. Most Popular. 1. 2 shot, 1 assaulted …

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