Six months after Verizon Communications paid $4.4 billion to buy AOL and its collection of media and technology companies, the top honcho at the ‘90s Internet brand says they’ll be laying off about 5% of the staff today, with around 500 employees expected to get their walking papers. [More]
It’s not often you hear about a shotgun wedding between two tech companies, but that’s apparently what happened for Verizon and AOL, as the recently betrothed said today that they had officially completed a $4.4 billion acquisition proposed just a month ago. [More]
Old tech and new tech are coming together in a massive $4.4 billion deal, with mobile service powerhouse Verizon Communications buying the brand of the ’90s AOL — a deal that gives the country’s largest mobile phone operator a stronger foothold in the race to create ad-content that targets customers as they move from desktops to mobile devices. [More]
Amid reports yesterday indicating that Verizon Communications was toying with the idea of acquiring AOL or entering into some kind of joint venture, the company’s CEO is going on record as saying there’s nothing serious going on.
The first major marriage of two companies in 2015 may be taking shape just five days into the new year after reports surfaced Monday that Verizon Communications has approached AOL about a possible joint venture or acquisition. [More]
Listen, Verizon Wireless: Let’s make one thing clear — even if mommy and daddy break up, it’s not your fault. Actually, it would be but that’s just business. Verizon Communications and Vodafone have a joint venture in Verizon Wireless as it stands right now, but they’re trying to figure out whether to just merge or end the whole arrangement. [More]