US telecoms giant, Verizon has announced it’s purchase of AOL for a price of around $4.4 billion.
After the acquisition is completed, AOL will become a wholly-owned subsidiary of Verizon along with its assets: the dial-up subscription business and websites such as the Huffington Post, Techcrunch, Engadget, Makers and AOL.com.
This would make Verizon an internet company – interesting turn of events.
Newsbites: Spotify in Africa
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