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Verizon Communications (VZ) Completes AOL (AOL) Acquisition

June 23, 2015 8:40 AM UTC

Verizon Communications (NYSE: VZ) and AOL Inc. (formerly NYSE: AOL) announced the successful completion of Verizon's tender offer to purchase all outstanding shares of AOL for $50.00 per share in cash. The tender offer expired at 11:59 p.m. (New York City time) on June 22, 2015.

Verizon subsequently completed the acquisition of the remaining eligible AOL shares not acquired in the tender offer through a merger pursuant... More