CEO Tim Armstrong of AOL. Photo EPA / Bernd von Jutrczenka
The US telecommunications company Verizon says that the ISP AOL takes over for 3.9 billion euros. The company thus wants to strengthen its position in the mobile market. This was reported by Associated Press. At the fair AOL’s share rose 18.1 percent to $ 50.29 after Verizon announced the bid.
Verizon Communications is the largest provider of mobile telephony in the United States. The company also offers internet and TV and has five million pay TV subscribers. Recently, Verizon offers bundles, which you can expand according to your interests. The company has made less profit in the first quarter of this year than a year earlier. The strategy to sell at substantial discounts include iPhones, at the expense of profitability, analysts write.
AOL (formerly America Online) split in 2009 from Time Warner by going independently to the fair. The merger of AOL in 2000, the media conglomerate had actually failed by the bursting of the technology bubble.
AOL tried in recent years its antiquated business model as Internet via dial-up modems to throw through acquisitions of a number of dotcom sites. News and entertainment site The Huffington Post was purchased Patch news, video search engine 5min Media and blogs such as TechCrunch. The acquisitions resulted in a differentiated ownership of digital maps, news, an ad network and email
NRC -economieredacteur Wouter van Noort twitters on the acquisition.
CEO Tim Armstrong said the acquisition: “the largest company in the US will create which is active in the mobile telephony market and video.” According to the Wall Street Journal the acquisition gives rather see the demise of the telecommunications company:
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- AOL
- Verizon
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