The telecom operator Verizon Communications Inc announced on Tuesday it has reached an agreement to purchase the digital platform AOL. The deal was closed for $ 50 per share (17% more than the value of the shares at the close of Monday’s session), which values AOL at nearly 4 billion euros.
In a statement, Verizon justified the operation with the strategy to strengthen its position in the distribution of content for mobile platforms and to cement the operator’s position in the internet segment of things.
Holder of the as the Huffi ngton Post or TechCrunch , AOL alia to online content property management digital advertising platforms, considered essential for the Verizon strategy. “ Our vision is to provide consumers a digital experience Premium based on a global network multi-screen platform. This acquisition reinforces our strategy provide that experience to consu ers, developers and advertisers, “he summed up the CEO of Verizon, Lowell McAdam .
The deal, which is still subject to approval from US regulators, also provides that the current president and CEO of AOL, Tim Armstrong, stay in the lead of AOL, which will – if confirmed operation – operating as a subsidiary of Verizon
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