Monness, Crespi, Hardt Downgrades AOL, Inc. (AOL) to Neutral
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Verizon to Acquire AOL
May 12, 2015 7:00 AM EDTNEW YORK, May 12, 2015 /PRNewswire/ --Â Taking another significant step in building digital and video platforms to drive future growth, Verizon Communications Inc. (NYSE, Nasdaq: VZ) today announced the signing of an agreement to purchase AOL Inc. (NYSE: AOL) for $50 per share -- an estimated total value of approximately $4.4 billion.
Verizon's acquisition further drives its LTE wireless video and OTT (over-the-top video) strategy. The agreement will also support and connect to Verizon's IoT (Internet of Things) platforms, creating a growth platform from wireless to... More
