Verizon Communication Inc. cites AOL Inc.'s market success in digital content and advertising platforms as reasons behind the purchase. Also in this week's roundup of deals worth $1 billion or more: Williams' acquisition of its master limited partnership Williams Partners in an all-stock deal valued at $13.8 billion, led by Gibson Dunn and Baker Botts.
May 14, 2015 at 04:13 PM
1 minute read
The original version of this story was published on Law.Com
Verizon Communication Inc. has swooped in to scoop up AOL Inc. for $4.4 billion.
In a statement on Tuesday announcing the deal, Verizon cites AOL’s market success in digital content and advertising platforms as reasons behind the purchase. Amping up Verizon’s video content has also been noted as a key component in the combination.
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