I must be missing something here. Why is AOL still a thing? Granted they were huge in the 90’s, I’ve seen plenty of older people using it still, and they are still the leader in American dial-up service (for whatever that’s worth) but I never would have thought Verizon, of all people, would buy them. Well that just happened.
Verizon has just scooped up AOL for a healthy $4.4 billion and plans to run it as its own separate division. Current AOL CEO Tim Armstrong will retain his position and he feels this new merger will give plenty room for growth.
The deal is expected to wrap up in the next few months and Armstrong doesn’t anticipate any layoffs so the current AOL staff should be just fine.
Seriously though, why?