Verizon will make a tender offer of US$4.4 billion for AOL, the companies announced Tuesday. AOL will become a wholly owned subsidiary of Verizon upon completion of the merger agreement this summer.
The deal drives Verizon’s LTE wireless video and over-the-top video strategies, and provides support and connectivity for the company’s Internet of Things platforms.
via Verizon Pursues OTT Dream With $4.4B AOL Buy | Deals | E-Commerce Times.
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