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AOL chief executive's bumpy journey to the big Verizon offer

Tim Armstrong's success came from deals that put AOL on cutting edge for placing ads

Verizon insisted as part of the deal that Mr Armstrong stay on to run AOL's operations. Mr Armstrong is the 12th largest AOL shareholder

San Francisco

AOL Inc chief executive Tim Armstrong's six-year path to transforming the venerable dial-up Internet provider into a marketable mobile ad specialist has been filled with bumps.

He spent hundreds of millions on the money-losing hyper local news site Patch. He presided