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Verizon Arranges To Buy AOL For $4.4b

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In a chess move that will further blur the lines between content and networks, Verizon yesterday announced an agreement to buy AOL.

Verizon will be paying $50 per share for about $4.4 billion in cash, a 17% premium for AOL’s stockholders.

Imagine it’s 2000, and Verizon was out there buying AOL. It would have been a vastly different acquisition than it is today, aimed at a dialup access empire. Today’s AOL is about content and digital advertising, with familiar online brands like the Huffington Post, Engadget, and TechCrunch as well as a mobile advertising focus and some original video as well.

With no inorganic expansion available in the US mobile world, Verizon is clearly looking to add on more of the surrounding ecosystem of data it already delivers over its mobile networks. Original post at Telecom Asia

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Wahengbam Rorrkychand

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Website: http://www.blog.tonsetelecom.com

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