Verizon is buying AOL for $4.4 billion

JordanWearinThe45

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AOL, Engadget's parent company, has just been acquired by Verizon for $4.4 billion, or around $50 a share. The carrier believes that a tie-in between the two businesses will boost Big Red's online video and content strategy. AOL itself, far from just being the name on all those discarded dial-up internet CDs, is also a player in the online ad business -- and has developed several behind-the-scenes products for marketers.

In an email to employees, AOL chief Tim Armstrong pledges that the deal will create "the best media technology company in the world." It appears that AOL will be run as a separate division within the business, but using Verizon's distribution channels to widely circulate content from its brands, including TechCrunch and The Huffington Post.


Verizon will also distribute AOL's video shows onto its mobile and internet-based video channels, much like it already does with content sourced from the NFL. It's also easy to presume that both will also work with the company's forthcoming web TV service that it rescued from the flames of Intel's doomed OnCue project.

http://www.engadget.com/2015/05/12/verizon-buys-aol/
Had no clue AOL was worth that much :dwillhuh:
 

beenz

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:mjlol: at aol in 2015.

time warner really swindeled verizon on that deal. and for the rube's that use them for email, that segment of the population is dying off. not getting larger.
 
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duckbutta

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This is going to give verizon control of virtually ever email a person 45 and up has...

Back in my home pc tech days I used to push them aol disk on old folks with the quicknes...

Alright miss Kelson you want to get on the internet here put this disk in...

Had me out here slanging that poison killing my people :mjcry:

Lord forgive me :mjcry:

One of my aunts was asking me if i could get her email back with one of those aol disk after she got a new pc...:mjcry:

It might not have even been 2000 yet when i installed that shyt on her pc :mjcry:
 
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