Verizon Acquires AOL In $4.4 Billion Deal

Verizon said this morning that it will acquire AOL--parent company to Denver's MapQuest--in a $4.4 billion deal. Verizon said it would pay $50 per share for AOL and its properties. Verizon said the acquisition will further drive its LTE wireless video and OTT (over-the-top video) strategy.