Can you hear me now? You’ve got takeover. In a stunning move, Verizon has purchased AOL for $4.4 billion. As part of the deal, AOL will become a subsidiary of Verizon. Tim Armstrong, AOL’s CEO, will continue to lead AOL after closing.
In a memo to AOL staffers, Armstrong did his best to make it sound good for all involved:
I have been a buyer of AOL over the last 5 years – and that is an investment in one thing – our talent.
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
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