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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.

Tags: online video market communications

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