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Verizon Communications Inc announces its acquisition of AOL Inc for $4.4 billion, aiming to explore new growth avenues through mobile video and targeted advertising. The deal positions AOL as a subsidiary of Verizon, with AOL CEO Tim Armstrong continuing in his role. Recognizing the increasing importance of mobile in media consumption, Armstrong emphasizes the need for Verizon to lead in this rapidly expanding market.
Monday, 11 May, 2015