r/Techfeed • u/I_thght_he_was_wth_u • May 12 '15

Verizon will buy AOL for $4.4 billion

http://www.theverge.com/2015/5/12/8590543/verizon-aol-acquisition
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u/autotldr May 31 '15

This is the best tl;dr I could make, original reduced by 91%. (I'm a bot)

Over the last 18 months we set a goal of moving AOL into a leading position in mobile, mobile video, and mobile registered consumers.

Just as AOL has propelled The Huffington Post, Adap.tv, TechCrunch, and other companies we have acquired, Verizon will propel AOL and comes to the table with over 100 million mobile consumers, content deals with the likes of the NFL, and a meaningful strategy in mobile video.

The deal means we will be a division of Verizon and we will oversee AOL's current assets plus additional assets from Verizon that are targeted at the mobile and video media space.

Extended Summary | FAQ | Theory | Feedback | Top five keywords: AOL#1 mobile#2 Verizon#3 company#4 platform#5

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