Verizon to Buy AOL For $4.4 Billion

May 12, 2015 aol, internet of things, verizon, 0 Comments


Verizon Communications announced it will purchase online media giant AOL for $50 per share this week, which comes out to about $4.4 billion.

Verizon hopes this will help their online advertising and video market by gaining access to AOL’s technology and video content, according to FierceWireless.com.

For a while now, Verizon has been talking about launching a mobile and online video product, and this purchase should definitely help them along those efforts.

Verizon also mentioned that buying AOL will help their Internet of Things strategy.


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David Gonos has been writing online for over a decade, and he has been published on websites like CBSSports.com, FOXSports.com, MLB.com, NFL.com and SI.com. He discusses fantasy sports, television, beer, traveling, music, movies and food on his own website, when he's not at his day job, working as the content manager for DigitalLanding.com.

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