Verizon buys AOL for 4.4 Billion dollars

[FreshAIG]

http://www.cnet.com/news/verizon-to-acquire-aol-for-4-4-billion-in-digital-push/

Verizon and AOL will soon come together under one roof.

Verizon will acquire AOL for $50 per share, valuing the company at $4.4 billion, Verizon announced on Tuesday. If the deal is approved by regulatory bodies, AOL will become a wholly owned subsidiary of Verizon. AOL's current chairman and CEO Tim Armstrong will continue to lead the subsidiary.

Interestingly, Verizon was quick to point out that the deal is a tender offer. What that means is the company will acquire all shares on the open market from current investors; the board at AOL is not required to approve the deal in order for it to go through. Such a deal usually carries a premium to entice shareholders to accept the offer. In the case of AOL, Verizon is offering a 17 percent premium on AOL's closing price of $42.59 on Monday.

AOL shares are up nearly 18 percent to $50.12 in pre-market trading.

 

[OfTheCross]

Lmao @ the premarket numbers

If you ain't early, you're late.

 

[Jello Biafra]

I can honestly say I have not seen an "AOL" email address from anyone in damn near 5 years. Haven't used AIM in probably the same amount of time. Who is still using AOL for any purpose?

 

[Cynic]

I can honestly say I have not seen an "AOL" email address from anyone in damn near 5 years. Haven't used AIM in probably the same amount of time. Who is still using AOL for any purpose?

Personal paypal e-mail only :pharrell:

 

[連忠正]

Who still use AOL?

 

[Domingo Halliburton]

I can honestly say I have not seen an "AOL" email address from anyone in damn near 5 years. Haven't used AIM in probably the same amount of time. Who is still using AOL for any purpose?

AIM doesn't exist anymore.

 

[Domingo Halliburton]

AOL bought Time Warner for $165 billion. They've really added value for the shareholders since then.

 

[☑︎#VoteDemocrat]

Good Riddance

 

[☑︎#VoteDemocrat]

AOL bought Time Warner for $165 billion. They've really added to value to the shareholders since then.

I have no problem with that.

The stock market is a gamble...some people have to fail

 

[Domingo Halliburton]

I have no problem with that.

The stock market is a gamble...some people have to fail

well the comment was sarcastic and meant to point out the ridiculousness of the 2000 era dot-com bubble.

 

[Robbie3000]

AOL bought Time Warner for $165 billion. They've really added to value to the shareholders since then.

Worst business deal in history.

 

[Kritic]

Who still use AOL?

i use my aol email to troll people in the comment section of the local online paper articles. mostly crime.

 

[BlackAchilles]

How is AOL worth even 1 billion?

 

[☑︎#VoteDemocrat]

Lmao @ the premarket numbers

If you ain't early, you're late.

I'm saying. whats the point of even reporting that?

 

[theworldismine13]

I can honestly say I have not seen an "AOL" email address from anyone in damn near 5 years. Haven't used AIM in probably the same amount of time. Who is still using AOL for any purpose?

a lot of people still use aol