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.
Nigerian startups raised $17.6m in Q1 2019, 8.5% higher than they did in Q1 2018. Find out more in the latest quarterly edition of the Nigerian Startup Funding Report here.