Tuesday June 23, 2015

Verizon Completes Its $4.4B Purchase Of AOL

Raise your hand if you think AOL is worth $4 billion. Anyone? Hello?

Time Warner spun out AOL in 2009 following a roughly $160 billion combination nine years earlier that's now considered one of the biggest deal-making blunders in US corporate history. For Verizon, the AOL deal allows it to take control of a set of online advertising tools Armstrong pulled together through acquisitions in the past few years.