Verizon Buys AOL For $4.4 Billion To Become ‘World’s Biggest Media Platform’ – ThinkProgress
Verizon Communications introduced Tuesday authorities prepares to get AOL, Inc. in$4.4 billion money offer that will certainly combine the country & rsquo; s biggest cordless company with the as soon as leading internet-media company. The purchase apparently brings the joined firm & rsquo; s advertisement reach to 70 percent of web traffic, matching Facebook and also Google, according to Business Insider. When the bargain is total, AOL will certainly end up being a department of Verizon and also integrated with Verizon & rsquo; s have video clip as well as mobile endeavors.
Verizon Communications revealed Tuesday authorities intends to acquire AOL, Inc. in$4.4 billion money offer that will certainly combine the country & rsquo; s biggest cordless supplier with the when leading internet-media company. Verizon would certainly likewise obtain accessibility to AOL & rsquo; s expanding advertisement and also advertising and marketing organisations. The procurement apparently brings the joined business & rsquo; s advertisement reach to 70 percent of net website traffic, matching Facebook as well as Google, according to Business Insider. When the offer is full, AOL will certainly come to be a department of Verizon and also incorporated with Verizon & rsquo; s have video clip and also mobile endeavors. AOL & rsquo; s management won & rsquo; t modification as well as Armstrong will certainly stay at the helm.
