Verizon to buy AOL in US$4.4 billion deal
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
New York
VERIZON Communications Inc has agreed to buy AOL Inc in a deal valued at US$4.4 billion, getting access to automated advertising technology and digital media clips that will help make more money from mobile video.
Verizon, the largest US wireless provider, will pay US$50 a share, a 17 per cent premium over AOL's stock price on Monday. AOL CEO Tim Armstrong will continue to lead AOL's operations after the deal is completed, the companies said on Tuesday in a statement.
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
