Well, this is an interesting way to start a Tuesday.
Verizon Communications, parent company of Verizon Wireless, has announced that it’s going to buy AOL for $50 per share. That works out to a total of around $4.4 billion. Verizon says that the deal will help to push its 4G LTE wireless video efforts as well as its over-the-top video and Internet of Things strategies.
Here’s what Verizon CEO Lowell McAdam had to say about the AOL deal:
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