Verizon to buy AOL

Verizon announced today that it has signed an agreement to purchase AOL at $50 per share. AOL has a very rich portfolio such as The Huffington Post, TechCrunch, Engadget, MAKERS and contract allows Verizon to acquire AOL at a valuation of 4.4 billion dollars. However Tim Armstrong, CEO and AOL-chairman, will continue to work in his positions after the acquisition. This seems to be a great move for Verizon as it expands its grasp on the digital media industry. As mobile web continues to become the go-to option for news, Verizon will be large player in this arena.

See original announcement here: link

Check out how Facebook is reacting to the increase in mobile news/media: Facebook Instant articles

2 thoughts on “Verizon to buy AOL

  1. Pingback: Facebook gives you Instant Articles… literally! | Weijie World

  2. Pingback: Want a pizza? Theres a tweet for that! | Weijie World

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s