Verizon Communications Inc. Buying AOL Inc for 4.4 Billion in Cash
It was bound to happen. Yes, at some point we all expected a media giant to buy the once powerful AOL. That media giant is Verizon Communications Inc. and they will be buying AOL for “just” $4.4 billion. As the Wall Street Journal reports, the deal is, “aimed at advancing the telecom giant’s growth ambitions in mobile video and advertising.”