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Closing This Summer: Verizon To Scoop Up AOL For $4.4 Billion
MojoKid writes with this excerpt from Hot Hardware: We learned this weekend that AOL's dial-up business still has over 2 million customers who pay on average just under $21 per month for service. Regardless of how strange that seems to those of us that salivate over the prospects of gigabit Internet, folks are still clinging to 56k modems are adding millions to AOL's bottom line. However, also recall that AOL has a massive digital advertising platform with a heavy focus on the mobile sector and also owns a wealth of popular web destinations including Engadget, TechCrunch, and The Huffington Post. With this in mind, it shouldn't be too surprising that Verizon has offered AOL a marriage proposal. Verizon is acquiring AOL for an estimated $50 per share, which brings the total value of the transaction to $4.4 billion. Here are stories from The New York Times, NBC News, and NPR on the proposed sale, which it's worth noting isn't yet final, and is subject to regulatory approval.
Lucky for Verizon, AOL's 56k isn't that much slower than their supposed "broadband" DSL.
In other news, 50,000 grandmas will now have to find a new dial-up service.
#naabhaprzrag, #sverubfr-000, #agi-fcbafberq, negvpyr[pynff*=' negvpyr-ary-'] { qvfcynl: abar !vzcbegnag; }
Pshhhkkkkkkrrrrkakingkakingkakingtshchchchchchchchcch...
So you're basically just bloviating. Fair enough/
"First they came for the slanderers and i said nothing."
AOL is still around because some of us cling to old technologies because they work better. MP3s downloaded from dial up sound warmer than ones downloaded through an ethernet cable. Sometimes it is worth the wait.
When floppies started going away, AOL started shipping their software on CDs.
That was their downfall. They should have shipped CD-RWs.
Not being ABLE to talk to Comcast...because you're modem is taking up the phone line...PRICELESS?
My God can beat up your God. Just kidding...don't take offense. I know there's no God.
I pay for an AOL account. It's for my Mom in rural Montana. I've tried to explain to her that she can use my Dad's local dialup account, use Gmail, and save me $35/month but they just don't grasp that you can share a dialup but keep mail separate.
I got a letter in the mail from her once. Inside was a funny email someone sent her. She printed it out. Put it in an envelope. With a stamp. And mailed it to me.
Hopefully my own children will put me in a home with I get that way.