Verizon to Buy AOL for $4.4 Billion 

Verizon said Tuesday that it would buy AOL at $50 a share in a deal with an estimated value of $4.4 billion.

The move is an effort to expand Verizon’s digital and video offerings.The purchase price is a 17 percent premium over AOL’s closing price Monday of $42.59.

Source: Verizon to Buy AOL for $4.4 Billion –