Verizon pays $4.4bn for AOL

US-based telco Verizon will pay US$4.4 billion to acquire digital content and distribution group AOL. The deal represents a purchase price of US$50 a share, and comes as Verizon implements a strategy that includes targeting growth in OTT markets. The companies will be keen to ensure their merged group will fare better than AOL’s last major […]

Premium VOD platform AOL On launching in UK

US-based digital company AOL is launching its premium web vide platform AOL On Network in the UK and has signed up a batch of content providers for its debut. The premium syndication platform included curated and original content and already operates in North America. In the UK, it will sit alongside branded content distribution business […]