Verizon Communications, an American broadband and telecommunications company and the largest U.S. wireless communications service provider, announced Tuesday that it is buying New York City based AOL, previously known as America Online, for $50 per share in a transaction valued approximately at $4.4 billion.
The deal is believed to reinforce Verizon’s desire to enter the mobile video and advertising business, while giving them access to technology AOL has developed for selling ads and delivering high-quality web video.... Read the rest of this post here
"Verizon announces buying AOL for $4.4 billion" is an article by iDownloadBlog.com.
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