NDM Story

Verizon to buy AOL in $4.4bn deal
All-cash deal will give Verizon access to Huffington Post and MovieFone
AOL chief executive: ‘AOL is back … Let’s mobilize’

http://www.theguardian.com/technology/2015/may/12/verizon-to-buy-aol-44bn-deal

US telecoms giant Verizon announced on Tuesday it is buying AOL in a deal that will see one of the world’s biggest mobile players takeover the one-time king of the internet for $4.4bn.

Verizon, the US’s largest mobile player, said it was making the move to strengthen its position in mobile video and advertising. The all-cash offer will give Verizon access to AOL’s advertising technology and content businesses such as Huffington Post, MovieFone and TechCrunch.

When completed the acquisition will end AOL’s independence six years after the company was split off from media conglomerate Time Warner. The company has long been seen as a takeover target and had previously been rumoured to be in merger talks with Yahoo.