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Verizon buys AOL for $4.4 billion
2015-05-12 14:44:50| Telecom - Topix.net
The deal is part of Verizon's new focus on digital and video platforms, as well as its connected device network, which it calls "Internet of Things," the telecommunications company said. "This acquisition supports our strategy to provide a cross-screen connection for consumers, creators and advertisers to deliver that premium customer experience," said Verizon CEO Lowell McAdam.
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Verizon buys AOL for $4.4 billion
2015-05-12 14:01:59| IT Services - Topix.net
The deal is part of Verizon's new focus on digital and video platforms, as well as its connected device network, which it calls "Internet of Things," the telecommunications company said. "This acquisition supports our strategy to provide a cross-screen connection for consumers, creators and advertisers to deliver that premium customer experience," said Verizon CEO Lowell McAdam.
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Verizon Communications buying AOL for $4.4 billion in a push into busy online video market
2015-05-12 14:01:58| IT Services - Topix.net
Verizon is buying AOL for about $4.4 billion in a friendly deal that advances the telecom's push in both mobile and advertising fields. A Verizon spokesman says the AOL business will continue to be under the leadership of its chairman and chief executive, Tim Armstrong, and no major changes to the operations are anticipated.
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Verizon buys AOL for $4.4bn
2015-05-12 13:44:31| BBC News | Business | UK Edition
US telecoms giant Verizon says it will buy AOL in a deal worth $4.4bn.
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Verizon to buy AOL for USD 4.4 billion
2015-05-12 13:18:00| Telecompaper Headlines
(Telecompaper) Verizon is taking a major step in the online content market with the agreed acquisition of AOL for USD 4.4 billion. The US operator said AOL will support its LTE wireless video and OTT video strategy, as well as tie in with its Internet of Things platforms. In addition to just over 2 million internet subscribers, AOL is a major presence in the US online advertising market, produces a variety of online video content and owns well-known websites such as TechCrunch, The Huffington Post, Engadget, Makers and AOL.com. Tim Armstrong, AOL chairman and CEO, will continue to lead AOL operations after the takeover closes. Verizon will finance the deal with cash on hand and commercial paper and expects to complete the acquisition this summer, pending regulatory approval. Verizon said it still expect to return to the credit ratings it had before buying out Vodafone's stake in Verizon Wireless by 2018-2019.
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