Daily Report: Verizon to Buy AOL for $4.4 Billion in Cash

The move to buy AOL at $50 a share, a 17 percent premium over its closing price Monday, is an effort to expand Verizon’s digital and video offerings.
from BWCWeb http://bits.blogs.nytimes.com/2015/05/12/daily-report-verizon-to-buy-aol-for-4-4-billion-in-cash/?_r=1