Verizon to Buy AOL For $4.4 Billion

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Verizon Communications announced it will purchase online media giant AOL for $50 per share this week, which comes out to about $4.4 billion.

Verizon hopes this will help their online advertising and video market by gaining access to AOL’s technology and video content, according to FierceWireless.com.

For a while now, Verizon has been talking about launching a mobile and online video product, and this purchase should definitely help them along those efforts.

Verizon also mentioned that buying AOL will help their Internet of Things strategy.

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