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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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