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Verizon is buying AOL for $4.4 billion in cash

May12
by on May 12, 2015 at 11:10 am
Posted In: AOL, Around the Web, breaking, Insider, verizon

Verizon has announced that it’s buying AOL for $50 per share, which adds up to a purchase price of around $4.4 billion. Once the deal is closed, AOL will become a wholly-owned subsidiary of Verizon. AOL’s CEO, Tim Armstrong, will continue to lead the company after the acquisition. This story is being updated.   

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