Verizon buys AOL holding along with publications and advertising platform for $ 4.4 billion
AOL will be sold to Verizon for $ 4.4 billion. She will buy AOL shares for $ 50 apiece. This is 23% higher than the AOL average weighted share price over the past three months. The Verizon property will also be covered by Techrunch , Engadget and The Huffington Post . Verizon is one of the largest telecom operators in the United States.
The deal contributes to the development of such areas of the company as video broadcast via LTE and the Internet of things . In addition, at the disposal of Verizon will be an advertising platform AOL. Her estimate is $ 600 million. According to Verizon head Lowell McAdam, the immediate goal is to bring users, content producers and advertisers to a global cross-screen networking platform.
The head of AOL Tim Armstrong after the merger will continue to lead the company, according to a press release from Verizon. Armstrong notes that the holding should become one of the leaders in the mobile device user segment. This will allow AOL to make a new step in its development.
About a third of the company's revenue comes from Internet access services. In the past, AOL was one of the largest Internet access providers in the United States. According to the company, in the early 2000s, the AOL modem Internet had more than 25 million subscribers. More than 2.16 million customers now use AOL modem Internet.
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Against the background of news about the holding's purchase, the price of AOL shares at preliminary bidding increased by 18%. Verizon's stock price fell 0.8%.
The deal contributes to the development of such areas of the company as video broadcast via LTE and the Internet of things . In addition, at the disposal of Verizon will be an advertising platform AOL. Her estimate is $ 600 million. According to Verizon head Lowell McAdam, the immediate goal is to bring users, content producers and advertisers to a global cross-screen networking platform.
The head of AOL Tim Armstrong after the merger will continue to lead the company, according to a press release from Verizon. Armstrong notes that the holding should become one of the leaders in the mobile device user segment. This will allow AOL to make a new step in its development.
About a third of the company's revenue comes from Internet access services. In the past, AOL was one of the largest Internet access providers in the United States. According to the company, in the early 2000s, the AOL modem Internet had more than 25 million subscribers. More than 2.16 million customers now use AOL modem Internet.
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Against the background of news about the holding's purchase, the price of AOL shares at preliminary bidding increased by 18%. Verizon's stock price fell 0.8%.
Source: https://habr.com/ru/post/290482/
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