Verizon Acquires AOL for $4.4 Billion
- Global community and technology leader, Verizon
- Content and advertising acquisition
- As part of the deal, Verizon will also acquire The Huffington Post
- AOL’s structure and management will stay the same including CEO, Tim Armstrong
To cut it short
In a major advertising and content coup, Verizon acquired AOL. While maintaining its structure and leadership, AOL will function as a division of the wireless carrier.
While still perceived as an Internet portal and dial-up internet provider, in recent years AOL has diversified to content creation and advertisement.
In 2011, AOL acquired The The Huffington Post for $135 million. The news provider along with other AOL acquisitions are part of the deal.