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Verizon confirms acquisition of AOL

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Verizon confirms acquisition of AOL


Verizon has simply showed on its legitimate website online that it is going to be obtaining media outlet AOL for an predicted $4.4 billion. This method courses like The Huffington Post, TechCrunch, Engadget, MAKERS and will now be owned by way of Verizon.

Verizon’s imaginative and prescient is to offer consumers with a top class virtual revel in in line with an international multiscreen community platform. This acquisition helps our technique to offer a move-monitor connection for shoppers, creators and advertisers to ship that top class consumer revel in,” stated the CEO of Verizon Lowell McAdam.

It is claimed that Tim Armstrong will proceed because the CEO of AOL even after the acquisition. It is predicted of Verizon to stay issues somewhat unbiased, so don’t be expecting any large adjustments in the best way that the corporate or its subsidiaries serve as publish the acquisition.

Armstrong used to be very positive approximately this new partnership with Verizon, pronouncing – “Verizon is a pace-setter in cellular and OTT hooked up systems, and the mix of Verizon and AOL creates a singular and scaled cellular and OTT media platform for creators, shoppers and advertisers. The visions of Verizon and AOL are shared; the corporations have present a success partnerships, and we're excited to paintings with the group at Verizon to create the following era of media thru cellular and video.”

Source: Verizon

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