Report: Verizon may be planning to buy AOL

Verizon Wireless may plant AOL's digital ad service in its mobile video services, according to Bloomberg

U.S. telecommunications provider Verizon may be in the process of acquiring digital media company AOL, the Bloomberg news service has reported.

Verizon is interested in AOL's digital advertising unit, which it could incorporate into the mobile video service offered by its Verizon Wireless subsidiary, anonymous sources familiar with the talks told Bloomberg.

As an alternative to an outright acquisition, the two companies may also be considering starting a joint venture that would bring the digital advertising capabilities to Verizon's cellular network customers, according to the report.

Verizon declined to comment, though its CEO Lowell McAdam --speaking Tuesday at the Citi Global Internet, Media and Telecommunications conference in Las Vegas -- described the possibility of the AOL acquisition as "really not accurate," a Verizon spokesman confirmed.

Verizon is investigating a wide range of potential partnerships with digital media companies, McAdam said.

While AOL came to prominence as one of the first commercial providers of consumer Internet access, the company has shifted its strategy in recent years to focus on becoming an online media company, acquiring highly trafficked Web sites such as HuffingtonPost and TechCrunch. The company draws about 250 million unique visitors to its sites every month.

AOL also maintains a legacy dial-up Internet service, which is still used by over 2 million subscribers.

Verizon Wireless, a subsidiary of Verizon Communications, provides cell phone service to over 106 million customers.

On news of the rumor, AOL stock rose Tuesday by 2.9 percent, to US $46.04, as of 11:35 a.m. U.S. Eastern Standard Time.

AOL has not immediately responded to a request for comment.

Joab Jackson covers enterprise software and general technology breaking news for The IDG News Service. Follow Joab on Twitter at @Joab_Jackson. Joab's e-mail address is

Join the Good Gear Guide newsletter!

Error: Please check your email address.

Tags business issuesAOLverizonMergers and acquisitions

Our Back to Business guide highlights the best products for you to boost your productivity at home, on the road, at the office, or in the classroom.

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Joab Jackson

IDG News Service
Show Comments

Most Popular Reviews

Latest News Articles


GGG Evaluation Team

Kathy Cassidy


First impression on unpacking the Q702 test unit was the solid feel and clean, minimalist styling.

Anthony Grifoni


For work use, Microsoft Word and Excel programs pre-installed on the device are adequate for preparing short documents.

Steph Mundell


The Fujitsu LifeBook UH574 allowed for great mobility without being obnoxiously heavy or clunky. Its twelve hours of battery life did not disappoint.

Andrew Mitsi


The screen was particularly good. It is bright and visible from most angles, however heat is an issue, particularly around the Windows button on the front, and on the back where the battery housing is located.

Simon Harriott


My first impression after unboxing the Q702 is that it is a nice looking unit. Styling is somewhat minimalist but very effective. The tablet part, once detached, has a nice weight, and no buttons or switches are located in awkward or intrusive positions.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?