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Posted by Tommy LeDeux on

Verizon Acquires AOL For $4.4 Billion in Cash

Verizon has bought and paid for AOL, a monstrous 4.4 billion dollars paid in cash. AOL owned a few other media companies, including the Huffington Post, Tech Crunch, and Engadget, which will be included in the transfer.

This isn’t the first time Verizon has dabbled with media companies either; just last year Verizon upstarted Sugar String, a tech blog which received news coverage after taking away it’s users freedom to write about certain topics. Among the topics banned from Sugar String, net neutrality & government surveillance are given priority.

It is unclear at this time whether Verizon will try to impose coverage restrictions on their newly acquired media outlet. The last time they tried such a thing, it ultimately wound up falling apart, ending with the closing of Sugar String.

Hopefully by now, Verizon has realized that today’s society does not take lightly to censorship of any kind.

Posted by Tommy LeDeux on

Verizon Buys AOL in $4.4 Billion All-Cash Deal

Verizon and AOL have ironed out the details of a $4.4 billion deal. According to recent reports, Verizon plans to buy AOL. It will absorb AOL’s digital advertising business, as well as The Huffington Post, Engadget and TechCrunch.

The deal, which will be completed in all-cash, is an interesting move by the juggernaut that is Verizon. The company, in theory, doesn’t need what AOL has on the table, but owning the company will allow Verizon to parlay into the digital advertising space much quicker.

Tim Armstrong, current CEO of AOL, will continue on as the leader of AOL after the acquisition is completed. The company will continue to roll out advertising and advertising products. In fact, experts expect very little to change during the acquisition and after. In short, AOL has found a solid model that is working for them at this time, Verizon will likely remain hands of until the current formula is no longer working.

Verizon, in recent years, has been known for quick, all-cash acquisitions. AOL is only the latest in a long list of companies gobbled up by the telecommunications company. Skout believes that Verizon’s parlay into the online realm has been expansive and will likely grow more with time.