Thursday, 21 September 2017

Verizon to acquire AOL for $4.4bn

By Nick Wood, Total Telecom
Tuesday 12 May 15

Deal bolsters U.S. telco giant's online content and advertising business; transaction expected to close by the summer.

Verizon on Tuesday agreed to acquire AOL in a deal worth $4.4 billion, boosting the U.S. telco's foothold in the online content and advertising markets. Verizon's $50 per-share offer represents a 17% premium on AOL's closing price on Monday. The transaction will take the form of a tender offer followed by a merger…

Verizon on Tuesday agreed to acquire AOL in a deal worth $4.4 billion, boosting the U.S. telco's foothold in the online content and advertising markets. Verizon's $50 per-share offer represents a 17% premium on AOL's closing price on Monday. The transaction will take the form of a tender offer followed by a merger…

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