Verizon set to buy AOL for $4.4 Billion

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If you grew up when the Internet was still in its dial-up days, you no doubt remember AOL and those little disks that came in the mail. Contrary to what some folks think, the company still exists although they’ve just been bought out by the last company you would expect… Verizon.

Verizon is the numero uno carrier in the Unites States, and they’ve built up quite the bankroll over the years. Today we learned they are going to throw a whopping $4.4 Billion towards AOL to purchase the company, and while it might seem puzzling at first, it’s a move that could pay off in a big way down the road for Big Red. It’s also a move that could affect some of the more popular sites on the internet.

It’s not uncommon for companies to own several other companies or brands in their portfolios and AOL has some popular ones in theirs. The Huffington Post and TechCrunch are part of the AOL “family” if you will, and so is Engadget – we’re guessing you didn’t see that coming. Once you know what AOL owns, Verizon’s plans become a little clearer as it appears they are gearing up to get into the media game.

It’s all about “content” these days, and by Verizon taking over AOL they will have plenty of channels to push their content to. Obviously, this could cause some friction between sites like TechCrunch and Engadget which frequently cover tech news. It’s generally not wise to bite the hand that feeds you, so it will be interesting to see how or if it will affect coverage of certain things on those sites going forward.

As with any major purchase, the Verizon and AOL deal still has some hoops to jump through although it is expected to be finalized sometime this summer if all goes well. We’ll have to wait and see what this will mean for readers of the aforementioned sites, but one would assume it will result in plenty of ads on-site from Big Red.

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Adam is a tech aficionado and Android enthusiast. When he's not checking out new tech, you can find him playing poker or binge-watching shows on Netflix.