Verizon is buying AOL for about $4.4 billion, advancing the telecom's push in both mobile and advertising fields. Also, Alexion Pharmaceuticals Inc. will acquire Synageva BioPharma Corp. for $8.4 billion in a mix of cash and shares.
May 14, 2015 at 12:01 AM
1 minute read
Verizon is buying AOL for about $4.4 billion, advancing the telecom’s push in both mobile and advertising fields.
The acquisition gives Verizon an entryway into increasingly competitive online video. The New York company is the country’s largest wireless carrier as well as an Internet and TV provider, and it is through wireless technology that the fight is escalating to win customers using video content.
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