Verizon is buying AOL for $4.4 billion

Verizon will buy AOL for $50 per share, which totals a purchase price near $4.4 billion.

(Read entire press release here: http://vz.to/1JEofsG)

After the deal is done, AOL will become a wholly-owned subsidiary of Verizon.  AOL’s CEO, Tim Armstrong, will continue to lead the company after the acquisition.

READ MORE: http://tnw.co/1F4r6u4