Tuesday, May 12, 2015

Verizon to Buy AOL for $4.4 Billion - WSJ

Must be about time for Verizon to start throttling Facebook and Twitter mobile video...

"Verizon Communications Inc. is buying AOL Inc. in a $4.4 billion deal aimed at advancing the telecom giant’s growth ambitions in mobile video and advertising.

The all-cash deal values AOL at $50 a share, a 23% premium over the company’s three-month volume-weighted average price. AOL shares rose 18% in premarket trading to $50.27. Verizon shares fell 1.6% to $49.

The acquisition would give Verizon, which has set its sights on entering the crowded online video marketplace, access to advanced technology AOL has developed for selling ads and delivering high-quality Web video."
Verizon to Buy AOL for $4.4 Billion - WSJ
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