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Verizon is Buying AOL for $4.4 Billion

Verizon is Buying AOL for $4.4 Billion

Verizon has announced that it is buying AOL for about $4.4 billion, or $50 a share. And no, that doesn’t mean Verizon just paid millions for instant messaging and email accounts you haven’t used since middle school—AOL owns several media outlets and digital platforms, including The Huffington Post. But the main reason for Verizon’s interest in acquiring the company is AOL’s digital advertising platforms. AOL chairman and CEO told USA Today that the deal is mainly about “mobile and video,” saying that “the whole world is shifting to video.” The deal is supposed to be finalized sometime this summer …

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