Verizon is reportedly considering an AOL takeover
Bloomberg reports that Verizon has allegedly approached AOL about a potential purchase or joint venture. Verizon is reportedly most interested in AOL's automated online ad platform, but sources say Verizon also sees AOL as a lucrative partner for online video content.
AOL shares rose by as much as 13 percent on Monday night after the news broke. But sources told Bloomberg that the deal is still in the early stage and is speculative. As of now, Verizon hasn't made a formal proposal to AOL.
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
