Breaking: Big deal: Verizon is buying AOL for $4.4 billion , 
from www.techradar.com/ Source : http://hightech-net.blogspot.com/2015/05/breaking-big-deal-verizon-is-buying-aol_12.html
Verizon has announced that it is purchased former internet darling AOL for up to $4.4 billion.
The company added that the deal will take the form of a tender offer followed by a merger, although AOL will become a wholly-owned subsidiary of the US telecommunication giant.
"Verizon's acquisition further drives its LTE wireless video and OTT (over-the-top video) strategy," the company said in a statement.
The AOL deal has some wide-ranging implications given that the company has fingers in so many segments.
It still has a massive dial-up user base, a healthy portfolio of mainstream and tech publications (including Engadget and TechCrunch) as well as being a massive internet portal in its own right.
Developing...
from www.techradar.com/
