Verizon’s $4.4B acquisition of AOL is officially complete

U.S. telecom Verizon has announced that its buyout of AOL for $4.4 billion in cash has now been completed. As a result of the completed deal, AOL shares will no longer be traded on the stock market, as the company is now Verizon’s wholly owned subsidiary. All of AOL’s outstanding shares were purchased by Verizon at a price of $50 each. As was mentioned when the purchase was first announced last month, AOL’s main value to Verizon is as a large ad network.

Read full post here:

Share on FacebookPin on PinterestTweet about this on TwitterShare on LinkedIn