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Verizon Grabs AOL for $4.4 Billion

2015-05-18 10:24:39| IT Services - Topix.net

With the future in mind, Verizon Communications is taking a bold and expensive step to build out its digital and video platforms. The telecom giant has inked a deal to acquire Internet pioneer AOL, headed by chairman and CEO Tim Armstrong .

Tags: aol billion verizon grabs

 

Ex-Google executive pulled AOL out of funk

2015-05-18 10:05:38| Telecom - Topix.net

In 2009, when Tim Armstrong took over as chief executive of AOL, he faced a daunting task: turn around a company that had gone from an Internet pioneer to near-obsolescence in less than a decade. Six years later, Armstrong has not only revived AOL but also reinvented it, creating a thriving digital-media company focused on online content, original videos and advertising technology.

Tags: executive aol funk pulled

 
 

Verizon Grabs AOL for $4.4 Billion

2015-05-18 08:07:18| Telecom - Topix.net

With the future in mind, Verizon Communications is taking a bold and expensive step to build out its digital and video platforms. The telecom giant has inked a deal to acquire Internet pioneer AOL, headed by chairman and CEO Tim Armstrong .

Tags: aol billion verizon grabs

 

AOL, Verizon and the lessons of history

2015-05-17 15:33:46| Telecom - Topix.net

Put together one company with a large but declining business and another with a larger but declining business and you get ... AOL and Verizon, which last week tied the knot in a $4.4 billion deal that left people wondering if they ever got around to closing their dormant InstantMessenger accounts. Verizon Chairman and CEO Lowell McAdam is buying AOL for $50 a share because he figures the media company, which shed its "You've got mail" roots long ago, has some advertising technologies that can help Verizon's smartphone-based video business.

Tags: history aol lessons verizon

 

AOL, Verizon and the lessons of history

2015-05-17 15:17:32| IT Services - Topix.net

Put together one company with a large but declining business and another with a larger but declining business and you get ... AOL and Verizon, which last week tied the knot in a $4.4 billion deal that left people wondering if they ever got around to closing their dormant InstantMessenger accounts. Verizon Chairman and CEO Lowell McAdam is buying AOL for $50 a share because he figures the media company, which shed its "You've got mail" roots long ago, has some advertising technologies that can help Verizon's smartphone-based video business.

Tags: history aol lessons verizon

 

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