Microsoft said it will hand over some advertising business to AOL Inc and sell some map-generating technology to Uber.» Read More
CNBC's Jim Cramer explains why the Verizon/AOL merger will benefit both parties.
*Deal includes $300 mln in AOL debt. *AOL CEO Tim Armstrong to continue to lead company. May 12- Verizon Communications Inc said it would buy AOL Inc in a $4.4 billion deal that gives the biggest U.S. wireless carrier access to AOL's mobile video platform and content including the Huffington Post news website.
U.S. stock index futures pointed to a sharply lower Wall Street open on Tuesday, as global stocks declined on the back of a sharp fall in bond prices.
Telecom giant Verizon announced Tuesday it will be buying AOL for $50 per share, or about $4.4 billion.
CNBC's Jim Cramer explains why the merger deal between Verizon and AOL will benefit both parties.
AOL decided to sell to Verizon in order to compete in a future marketplace dominated by larger players, CEO Tim Armstrong tells CNBC.
Craig Moffett, Moffett-Nathanson analyst, discusses the benefit Verizon is getting from buying AOL.
Verizon is buying AOL for a 17% premium, blending the wireless carrier's technology with AOL's digital content and advertising.
Some of the names on the move ahead of the open.
May 12- Verizon Communications Inc said it would buy AOL Inc in a deal valued at about $4.4 billion to gain access to AOL's digital advertising service and content. The deal, which includes about $300 million of AOL debt, will take the form of a tender offer followed by a merger, with AOL becoming a wholly owned subsidiary of Verizon upon completion.
*Investors have also been concerned that Greece could run out of cash. Euro zone finance ministers, who met on Monday, acknowledged progress in talks between Greece and its creditors but said more work was needed to close a cash-for-reforms deal. *AOL shares jump 18.1 percent to $50.29 after Verizon made an offer to buy the company for $4.4 billion.
Tim Armstrong, AOL CEO, discusses AOL's content strategy with Verizon. Also Armstrong weighs in on why there was interest from other companies in acquiring AOL.
Tim Armstrong, AOL CEO, discusses the future of mobile advertising, and how the deal between Verizon and AOL came about.
Tim Armstrong, AOL CEO, discusses the synergies between AOL and Verizon.
May 12- Verizon Communications Inc said it would buy AOL Inc in a deal valued at about $4.4 billion.
We are going to do a lot of meaningful things, says Tim Armstrong, AOL CEO, discusses details of Verizon buying AOL for $4.4 billion.
Verizon's $4.4 billion deal to acquire AOL is the latest entry in the 25-year history of a company that changed the way people access the Internet.
AOL will become a wholly owned Verizon subsidiary, reports "Squawk Box's" Andrew Ross Sorkin with the latest detail on the deal.
*Microsoft jumps on news it's not pursuing Salesforce. May 8- U.S. stock indexes ended more than 1 percent higher on Friday after strong jobs data indicated U.S. economic growth was picking up momentum, but not enough to raise concerns about an earlier-than-expected interest-rate rise by the Federal Reserve. Couldn't have been better, "said Jack Ablin, chief...
U.S. stocks closed higher as investors cheered a jobs report that showed economic growth but not enough for most to see immediate Fed tightening.