Verizon has announced that they are buying up AOL for a cool $4.4 billion dollars. AOL has come a long ways since the days of constantly mailing you floppy disks with their internet application on them and now owns and distributes video content and owns a variety of websites and publications. This is an interesting acquisition and has been rumored for a while but I don't think anyone really thought too much about it. TechCruch (who coincidental is owned by AOL) has the story here,
AOL will become a subsidiary of Verizon as part of the deal, overseeing a bigger push into content and mobile video by Verizon.
“Verizon’s acquisition further drives its LTE wireless video and OTT (over-the-top video) strategy,” the carrier said in a statement.
In addition to original content across different platforms like video and written word, and desktop and mobile, there are other assets that could be interesting fits for Verizon.