• Cryptocurrency
  • Earnings
  • Enterprise
  • About TechBooky
  • Submit Article
  • Advertise Here
  • Contact Us
TechBooky
  • African
  • AI
  • Metaverse
  • Gadgets
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
  • African
  • AI
  • Metaverse
  • Gadgets
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
TechBooky
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Home Enterprise

Verizon Acquires AOL In $4b Deal

by
May 14, 2015
in Enterprise, General
Share on FacebookShare on Twitter

Verizon (the American Telecom giant) is acquiring AOL for $4.4b. AOL owns big tech news sites like TechCrunch and Engadget. TechCrunch has since reported on its site that CEO Tim Armstrong has said that it won’t get sold. Here’s a quote from the report in the which the CEO made the statement; “TechCrunch is not getting sold off,” he said. “There will be editorial independence. And from a distribution and resource standpoint, it’s probably the most exciting deal we could have done.”

 

A 2014 survey of major Telecom operators in the world put Verizon at number 1. Verizon Communications Inc. was founded in 1983 and is headquartered in NY. It provides services like broadband, wireless and wire line communications to consumer, business, and government. It also provides converged communications, entertainment services and information services over most advanced fiber-optic network. It mainly operates through two segments -Wireless and Wire line.

Sales: $120.6 B

Profits: $11.5 B

Market Value: $197.7 B

AOL’s stock was up 18% on this announcement.

Read more on the deal here

 

Related Posts:

  • im-59472326
    Starlink Wins $2.4B Contract to Upgrade Air Traffic…
  • SpaceX-starlink-satellite-Internet
    SpaceX and European Telecom Giants Clash Over…
  • huduma_25b70096773ca3dac77662afa0ff9f9a
    The Increasing Demand for Advanced Telecom Services…
  • rtx1mbct
    Telecel Group Acquires Vodafone’s Business in Ghana.
  • Digital Applications
    Netflix's Ad-Supported Plan Hits 70 Million Viewers
  • iphone 14
    The iPhone 14 Line-up, Where To Pre-order, And The…
  • Tesla’s China Rival, Xpeng Acquires Ride Hailing…
  • Ghana’s regulatory system Declines Vodafone’s Acquisition by Telecel Group
    Ghana’s regulatory system Declines Vodafone’s…

Discover more from TechBooky

Subscribe to get the latest posts sent to your email.

Tags: AOLVerizon

BROWSE BY CATEGORIES

Select Category

    Receive top tech news directly in your inbox

    subscription from
    Loading

    Freshly Squeezed

    • NCC Requires Telecoms to Compensate for 24-Hour+ Outages May 26, 2025
    • Vietnam Will Soon block Telegram, App Owners are Surprised May 24, 2025
    • Widespread Downtime Reported By X Users May 24, 2025
    • MongoDB Enters Africa Through Nigeria Targeting $100B Digital Market May 24, 2025
    • Meta Quest’s Headgear Will Soon Support 3D Instagram Images May 24, 2025
    • Mozilla To Shut Down Pocket To Concentrate On Firefox May 24, 2025

    Browse Archives

    May 2025
    MTWTFSS
     1234
    567891011
    12131415161718
    19202122232425
    262728293031 
    « Apr    

    Quick Links

    • About TechBooky
    • Advertise Here
    • Contact us
    • Submit Article
    • Privacy Policy
    • Login

    © 2021 Design By Tech Booky Elite

    Generic selectors
    Exact matches only
    Search in title
    Search in content
    Post Type Selectors
    • African
    • Artificial Intelligence
    • Gadgets
    • Metaverse
    • Tips
    • About TechBooky
    • Advertise Here
    • Submit Article
    • Contact us

    © 2021 Design By Tech Booky Elite

    Discover more from TechBooky

    Subscribe now to keep reading and get access to the full archive.

    Continue reading

    We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok