Verizon To Buy AOL

Posted by | May 12, 2015 08:39 | Filed under: Economy Media/Show Business

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The purchase price is $4.4 billion.

AOL’s stock was up more than 17 percent after the announcement. Verizon’s stock was down slightly.

The transaction will be completed this summer and will take the form of a tender offer followed by a merger, after which AOL will become a wholly owned subsidiary of Verizon, the announcement said.

Read MoreTimeline: AOL through the years
“Verizon’s vision is to provide customers with a premium digital experience based on a global multiscreen network platform. This acquisition supports our strategy to provide a cross-screen connection for consumers, creators and advertisers to deliver that premium customer experience,” said Lowell McAdam, Verizon’s chief executive.

Tim Armstrong, AOL’s chairman and CEO, will remain at his position once the deal is finalized.

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Copyright 2015 Liberaland
By: Alan

Alan Colmes is the publisher of Liberaland.

4 responses to Verizon To Buy AOL

  1. Larry Schmitt May 12th, 2015 at 09:33

    I worked at a bookstore back in the 90’s, and we always had stacks of free AOL discs on the counter, plus they were inserted in dozens of magazines. They would offer hundreds of free hours of dialup service, but only for the first 30 days. The number kept going up, till it hit 1000 free hours. Only problem is, there are only 720 hours in a month. That’s what I think of if AOL ever comes to mind. Which is not often.

    • bpollen May 12th, 2015 at 15:47

      I always welcomed AOL disks coming in the mail… made good coasters.

  2. jasperjava May 12th, 2015 at 10:40

    AOL still exists?
    And it’s worth $4.4 billion?
    Who knew.

  3. rg9rts May 12th, 2015 at 15:19

    And take that POS HP with you too

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