Verizon to Acquire AOL for $4.4 Billion

Verizon, earlier today:

Taking another significant step in building digital and video platforms to drive future growth, Verizon Communications Inc. today announced the signing of an agreement to purchase AOL Inc. for $50 per share — an estimated total value of approximately $4.4 billion.

Consider how far AOL has fallen, and how much the media world has changed: in 2000 AOL acquired Time Warner for $182 billion, creating a post-merger company then valued at over $350 billion.

★ Tuesday, 12 May 2015