Verizon Completes Its Acquisition of AOL For $4.4B

That was fast: Verizon has just announced that it has completed its acquisition of AOL, owner of TechCrunch, purchasing all outstanding shares for $50 per share in cash. As Verizon said at the time of its original announcement that it was buying AOL just over a month ago, Tim Armstrong, AOL’s CEO, will continue to lead AOL operations, with Bob Toohey, president of Verizon Digital… Read More...