Verizon Acquires AOL For $4.4 Billion

One of the oldest mass media corporations American Online (AOL) just got bought out by digital wireless tycoon Verizon. Reports show that Verizon bought the nostalgic Internet company for $4.4 Billion ($50 a share). While some people think this isn’t a good look for Verizon, others such as myself think this could be a much needed spark for Verizon to rival leading competitor AT&T. AOL is one of the leading contributors to online media content thanks to Huffington Post ( the content provider who AOL bought out in 2011). And while some may not be familiar with Huffington Post, chances are your mom or sister is quite familiar with their content. Huffington Post openly acknowledges that their content is greatly skewed for a target audience of female viewers. Does this mean that all of Huffington Post’s content is strictly for women viewers? Of course not. However, when you combine interesting content with the  females (the leading gender of internet viewers), a dynamic wireless company such a Verizon, is bound to to create innovative ways to increase business. It will be interesting to see just how Verizon sales and stocks do as a result of Verizon’s acquisition of AOL within the next few years. What do you think about this move? Let us know below!