Tag Archives: Online service providers

Verizon Acquires AOL for $4.4 Billion

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Digital and video industry development is on the rise as Verizon took over AOL in return for the steep price of $4.4 billion. That of course amounted to $50 per every single one of the shares....

AOL’s Tim Armstrong: Getting the Job Done despite some Gaffes

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NEW YORK (AP) — You've got gaffes. AOL chief executive Tim Armstrong isn't one to mince words. Over the weekend, he apologized for insensitive comments and backtracked from an unpopular plan to pay...

AOL’s Dilemma: Turn-around or Benefits?

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For someone who came up through sales, AOL CEO Tim Armstrong sure seems to put his foot in his mouth a lot. He is in a firestorm of controversy over seeming to blame a recent 401(k) (retirement)...

AOL hands over Patch operations to investment firm

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AOL hands over operations of troubled local-news division Patch to turnaround firm NEW YORK (AP) — AOL is handing over operations of its troubled local-news business, Patch...