Tuesday, May 12, 2015

Verizon Buys AOL For $4.4 Billion

Verizon Communications has agreed to buy AOL for $4.4 billion, as it looks to build more extensive digital and video platforms for future growth. Verizon’s acquisition plan further drives its LTE wireless video and OTT (over-the-top) video strategy, adding that its plan is to deliver services to customers over a global multiscreen network platform. AOL’s key assets include its subscription business, Media brands such as The Huffington Post, TechCrunch, Engadget, Makers and AOL.com, as well as original video content, according to Verizon. The transaction is subject to the usual regulatory approvals, but the companies expect to close the deal this summer. What do you think of this transaction ? Is it a good thing or a bad thing ? 

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