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.
Want more articles like this? Subscribe now to our newsletter for periodic updates on African startups, innovation and tech.
New Report: Nigerian startups raised $24.7 million in Q2 2019, 40% higher than Q1. Find out more in the latest quarterly edition of the Nigerian Startup Funding Report here.
Woman in Tech. Taking the African tech space, one step after another.
Send tips, Press Releases and your thoughts to [email protected]