Please enable JavaScript in your web browser settings, under the site permissions section to unlock full site functionality. Click here for help.

Article Image - Verizon Acquiring AOL for $4.4 Billion

Posted 13th May 2015

Verizon Acquiring AOL for $4.4 Billion

Verizon has announced that it is purchasing AOL for $0.50 a share which works out at a massive $4.4 billion.

Scroll to keep reading

Verizon Acquiring AOL for $4.4 Billion

Verizon Acquiring AOL for $4.4 Billion

Verizon has announced that it is purchasing AOL for $0.50 a share which works out at a massive $4.4 billion.

AOL is a leader in the digital content and advertising platforms space, and the combination of Verizon and AOL creates a scaled, mobile-first platform offering directly targeted at what eMarketer estimates is a nearly $600 billion global advertising industry. AOL’s key assets include its subscription business; its premium portfolio of global content brands, including The Huffington Post, TechCrunch, Engadget, MAKERS and AOL.com, as well as its millennial-focused OTT, Emmy-nominated original video content; and its programmatic advertising platforms.

Once the deal has closed AOL will become a wholly owned subsidiary of Verizon. Tim Armstrong will continue as leadership of AOL once the deal has concluded.

Armstrong said, “Verizon is a leader in mobile and OTT connected platforms, and the combination of Verizon and AOL creates a unique and scaled mobile and OTT media platform for creators, consumers and advertisers. The visions of Verizon and AOL are shared; the companies have existing successful partnerships, and we are excited to work with the team at Verizon to create the next generation of media through mobile and video.”

The transaction is subject to customary regulatory approvals and closing conditions and is expected to close this summer.

Categories: M&A

You Might Also Like

Independence is Everything™ at Financial Adviser Network ValidPath

03/09/2025Independence is Everything™ at Financial Adviser Network ValidPath

ValidPath enables IFA businesses to operate and thrive across the UK. Angus MacNee, Managing Director, was on hand to tell us more about ValidPath and its proposition for IFAs.

How Does AI-Driven Text-to-Speech Elevate Business Communication

24/06/2024How Does AI-Driven Text-to-Speech Elevate Business Communication

Today’s text-to-speech (TTS) technology has made huge leaps in years, from Wolfgang von Kempelen’s “Speaking Machine” discovery until the advent of AI around the 2000s. Its capacity to store loads of voices, human speech patterns, and a

The Ultimate Mac App Hunt: Discovering Applications Effortlessly

09/11/2023The Ultimate Mac App Hunt: Discovering Applications Effortlessly

The Mac from Apple has achieved legendary status in the computer industry. However, it’s not uncommon for the sheer number of available applications to feel like a daunting apple orchard. Sour against sweet, crunchy versus soft: how can one tell the diff

The Global Tax [r]Evolution

14/10/2015The Global Tax [r]Evolution

One of the consequences of operating in an increasingly globalised and digitalised world, is that borders blur and taxing rights between countries become a hotly contested topic.

Business Process Automation in a Nutshell

21/10/2022Business Process Automation in a Nutshell

No matter what your organization does, one thing is for sure: it executes hundreds of processes daily. For example, if you work in Finance, there are specific processes related to your market. Moreover, each department inside your organization runs different p

DWF Advise Capita’s Acquisition of Pervasive Networks

30/07/2015DWF Advise Capita’s Acquisition of Pervasive Networks

DWF Advise Capita's Acquisition of Pervasive Networks

Reaching Out to Your Target Audience: Three Ways to Use Social Media Effectively

09/02/2022Reaching Out to Your Target Audience: Three Ways to Use Social Media Effectively

Social media has evolved in many ways that online networking platforms are no longer considered just tools to connect with family and friends.

11 Tech Tools to Get You Through a Recession

05/08/202211 Tech Tools to Get You Through a Recession

As the stresses of an impending recession grow, business owners are strategizing how to survive this economic uncertainty by re-evaluating current and future expenses. For example, software subscriptions that once felt necessary may seem like a “nice to have

Greenwashing, Social Washing and other Laundry Matters

29/10/2020Greenwashing, Social Washing and other Laundry Matters

Across the world businesses are reappraising how they operate and, in many cases, challenging what is really important to their workers.

View More Articles

Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have a number of unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

MORE BRANDS