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(FILES)A man passes by a Verizon Wireless store June 5, 2008 in Washington, DC. Verizon plans a record $49 billion bond sale as it gathers financing to buy Vodafone’s stake in their Verizon Wireless joint venture, a person familiar with the matter said September 11, 2013. AFP PHOTO/Karen BLEIER/FILESKAREN BLEIER/AFP/Getty Images
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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.
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