Verizon today announced it will buy AOL for $4.4 billion, with CEO Lowell McAdam saying the once-great "AOL has once again become a digital trailblazer."
Verizon will get into bunch of different businesses by virtue of owning AOL, assuming regulators approve the acquisition. AOL still has more than 2 million dial-up Internet customers, with average revenue of about $21 per subscriber. AOL is also "a leader in the digital content and advertising platforms space," Verizon said.
Perhaps of most concern to anyone who reads news sites, Verizon noted that it would own AOL's "premium portfolio of global content brands, including The Huffington Post, TechCrunch, Engadget, MAKERS and AOL.com."
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