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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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Verizon to acquire AOL for $4.4bn

2015-05-12 02:00:00| Total Telecom industry news

Deal bolsters U.S. telco giant's online content and advertising business; transaction expected to close by the summer.

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Verizon Not Looking to Acquire AOL, Content Companies, CEO SaysLowell ...

2015-01-06 17:55:39| IT Services - Topix.net

Telecom giant Verizon is not so much looking to acquire content companies as partnering with them on video and other services, chairman and CEO Lowell McAdam told an investor conference on Tuesday. Speaking at the Citi 2015 Global Internet, Media & Telecommunications Conference in Las Vegas, he said: "I don't see us as a content company."

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Verizon considers bid for AOL - report

2015-01-06 09:37:00| Telecompaper Headlines

(Telecompaper) Verizon has approached AOL about a potential acquisition or joint venture with the internet company to expand its mobile-video offerings, people with knowledge of the matter told Bloomberg. Verizon hasn't made a formal proposal to AOL, and no agreement is imminent, the report said. Verizon's primarily interested in AOL's technology for automated buying and selling of ads online, which two people said could be paired with a future online-video product. Verizon is developing a mobile-video service based on the OnCue technology acquired from Intel last year. With a takeover it would also gain internet properties including The Huffington Post and Endgadget and around 2.3 million internet subscribers. AOL has a market capitalisation of around USD 3.5 billion. Both companies declined to comment on the report. 

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