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 Joab_Jackson@idg.com

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags Mergers and acquisitionsbusiness issuesAOLverizon

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

Cool Tech

Toys for Boys

Family Friendly

Stocking Stuffer

SmartLens - Clip on Phone Camera Lens Set of 3

Learn more >

Christmas Gift Guide

Click for more ›

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Maryellen Rose George

Brother PT-P750W

It’s useful for office tasks as well as pragmatic labelling of equipment and storage – just don’t get too excited and label everything in sight!

Cathy Giles

Brother MFC-L8900CDW

The Brother MFC-L8900CDW is an absolute stand out. I struggle to fault it.

Luke Hill

MSI GT75 TITAN

I need power and lots of it. As a Front End Web developer anything less just won’t cut it which is why the MSI GT75 is an outstanding laptop for me. It’s a sleek and futuristic looking, high quality, beast that has a touch of sci-fi flare about it.

Emily Tyson

MSI GE63 Raider

If you’re looking to invest in your next work horse laptop for work or home use, you can’t go wrong with the MSI GE63.

Laura Johnston

MSI GS65 Stealth Thin

If you can afford the price tag, it is well worth the money. It out performs any other laptop I have tried for gaming, and the transportable design and incredible display also make it ideal for work.

Andrew Teoh

Brother MFC-L9570CDW Multifunction Printer

Touch screen visibility and operation was great and easy to navigate. Each menu and sub-menu was in an understandable order and category

Featured Content

Product Launch Showcase

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?