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Verizon to Buy AOL for $4.4 Billion | Concurrent Media
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