From Google-to-AOL-to-What Is the Big Question for Tim Armstrong
AOL CEO Tim Armstrong
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When Tim Armstrong took over AOL Inc., it was running on fumes from its passé dial-up business and pretty much written off as done. Then Google Inc.'s former top ad executive spent more than $1 billion on acquisitions to turn it into an online media powerhouse and digital advertising pioneer.
On Tuesday, six years to the day that he became AOL's chief executive officer, Armstrong agreed to sell the company to Verizon Communications Inc. in a deal valued at $4.4 billion.