Tuesday, May 12, 2015
AOL Acquired By Verizon For $4.4 Billion
AOL--which has been one of the most active acquirers of Southern California technology startups in recent years--has been acquired itself, by Verizon, AOL and Verizon announced this morning. According to Verizon, it will pay $50 per share for AOL, in a deal worth approximately $4.4 billion. AOL has been one of the most active acquirers of high tech startups in Southern California in recent years, having acquired LA's Convertro for $101M and paying $83M to acquire ad technology company Gravity last year, not to mentioning acquiring such startups here as Userplane--the original startup founded by Science Inc's Mike Jones, which has helped spawn dozens of other local startups.