Verizon Is Buying AOL For $4.4B [Memo From AOL CEO Tim Armstrong]

So this just happened. AOL, owner of TechCrunch, is getting acquired: Verizon is buying the company for $4.4 billion, or $50 per share. We’ve just been sent an internal memo about the deal that we are embedding below. AOL will become a subsidiary of Verizon. “Verizon’s acquisition further drives its LTE wireless video and OTT (over-the-top video) strategy,” the… Read More