Verizon Communications, an American broadband and telecommunications company,said it would acquire AOL for $4.4 billion in an all-cash deal that will see today’s king of mobile phones acquire the one-time king of media. Verizon has growing lines of business offering high-speed Internet, as well as business and streaming video services. Verizon, with more than 1.5 billion connected devices, has a vast network through which to distribute mobile content.
Verizon to Buy AOL for $4.4 Billion
