Tuesday, June 23, 2015  Mergers and Acquisitions, Service Providers, Verizon Verizon Communications completed its previously announced acquisition of AOL for $50.00 per share in cash, a total cost of $4.4 billion.

AOL CEO Tim Armstrong continues to lead AOL operations after the closing, and Bob Toohey, president of Verizon Digital Media Services, will report to Armstrong, who in turn will report to Marni Walden, Verizon executive vice president and president of Product Innovation and New Businesses.
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