Category Archives

One Article

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.