Deals
Verizon Communications to Buy AOL for $4.4 Billion
Inside the Verizon and AOL Deal
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Verizon Communications Inc. agreed to buy AOL Inc. in a deal valued at $4.4 billion that intensifies the battle for advertising on mobile devices.
Verizon, the largest U.S. wireless provider, gets two of AOL’s technologies: exclusive video and its ability to automatically send targeted ads to mobile devices. The technology brings Verizon another step closer to the summer start of its mobile streaming service, featuring live TV, original shows and pay-per-view.