NEWS ITEM: Verizon betting on video in $4.4 billion AOL purchase

Last week reports hit the media indicating that Verizon Communications Inc (VZ.N) is buying AOL Inc (AOL.N) in a $4.4 billion bet that a push into mobile video and targeted advertising can help the biggest U.S. telecommunications company find new growth avenues.

Atlanta is the home of Verizon’s connected car division, Verizon Telematics

Read Reuters take on the latest Verizon/AOL deal here:

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