Verizon to buy AOL in $4.4bn deal
by Dominic Rushe and Rupert Neate in New York from Technology | The Guardian on (#8WMS)
- All-cash deal will give Verizon access to Huffington Post and MovieFone
- AOL chief executive: 'AOL is back " Let's mobilize'
US telecoms giant Verizon announced on Tuesday it was buying AOL in a deal that will see one of the world's biggest mobile players takeover the one-time king of the internet for $4.4bn.
Verizon, the US's largest mobile player, said it was making the move to strengthen its position in mobile video and advertising. The all-cash offer will give Verizon access to AOL's advertising technology and content businesses such as Huffington Post, MovieFone and TechCrunch.
Continue reading...