The company also gave out details on the expanded role of AOL CEO Tim Armstrong, who will continue to lead AOL operations post-closing. He will report to Marni Walden, Verizon executive vice president and president of Product Innovation and New Businesses. Show More Summary
Less than two months after the deal was announced, Verizon has closed on its $4.4 billion acquisition of AOL. AOL CEO Tim Armstrong will take on the added responsibility of overseeing Verizon Digital Media Services, Verizon's advertising platform, quieting rumors he might bolt for the open CEO job at Twitter. Show More Summary
A little over a month ago, Verizon announced it was purchasing AOL for the tune of $4.4 billion dollars. Today, that transaction is complete. AOL was sold for the expected $50 per share, in cash. AOL CEO Tim Armstrong will continue to...Show More Summary
Who will lead Twitter after Dick Costolo steps down as CEO on July 1? Some of the possible external candidates being bandied about today seem like longshots, chiefly Facebook COO Sheryl Sandberg and AOL CEO Tim Armstrong, who would both be difficult and expensive to pry away from their current employers. Show More Summary
In a keynote address to some 500 leaders of the adtech industry gathered in New York by the investment bank boutique LUMA partners, AOL CEO Tim Armstrong shared an expansive view on the sale of AOL to Verizon and the future of AOL....Show More Summary
You’ll have to forgive AOL CEO Tim Armstrong for smiling so much lately. See, Armstrong just learned that he could rake in roughly $180 million after Verizon completes its acquisition of AOL. According to The Wall Street Journal, Armstrong is the biggest shareholder of AOL stock. Show More Summary
AOL CEO Tim Armstrong stands to net nearly $180 million from the sale of his company to Verizon, though he won’t be eligible for a good chunk of that money until a year after the deal closes.
AOL Chairman and CEO Tim Armstrong, center, applauds during opening bell ceremonies of the New York Stock Exchange in this file photo. Verizon on Tuesday, May 12, 2015 announced it is buying AOL for about $4.4 billion, advancing the telecom’s push in both mobile and advertising fields. Show More Summary
The future of nearly all media—and consequently, all advertising—is on our phones, said AOL CEO Tim Armstrong in a video memo to employees after announcing the sale of his company to Verizon. The New York Times reports: “If there isShow More Summary
As CEO's of leading adtech companies along with institutional and strategic investors gather for LUMA Partners' annual one-day conference in Manhattan next week, there will surely be talk on and off the stage about the the acquisition of AOL by Verizon. Show More Summary
When Tim Armstrong replaced Randy Falco as CEO of AOL on March 12 2009, most independent observers felt that Armstrong was making a terrible mistake. President of Google’s Americas division and having recently co-founded local news website Patch, Armstrong seemed to have it all, yet his first task at AOL [...]
Here's everything you need to know about the last 24 hours in advertising, in case you blinked. Buzzing on Adweek: Verizon buys AOL for $4.4 billion AOL CEO Tim Armstrong announced in a staff memo that Verizon will buy the company for $4.4 billion. Show More Summary
In recent years AOL CEO Tim Armstrong smelled opportunity in the digital-advertising business and acted on it. His bets are now paying off handsomely, with Verizon agreeing to buy AOL for $4.4 billion.
AOL CEO Tim Armstrong addressed rumors Tuesday that The Huffington Post would be spun off as part of Verizon's $4.4 billion acquisition of AOL. Following the announcement of the deal early Tuesday morning, Kara Swisher, editor of the...Show More Summary
AOL CEO Tim Armstrong is denying reports that The Huffington Post will be completely spun out, according to an interview he did Tuesday with HuffPo's Alyona Minkovski. "AOL will always be an owner of HuffPost. And now Verizon will be an owner of HuffPost," Armstrong said after Verizon's $4.4 billion acquisition of AOL was announced Tuesday. Show More Summary
Verizon announced that it plans to acquire AOL for $4.4 billion. Back in December, we interviewed AOL CEO Tim Armstrong about potential mergers, company strategy and future plans when he spoke at our IGNITION conference. Follow BI Video: On Facebook Join the conversation about this story »
AOL CEO Tim Armstrong is a big winner in Verizon's $4.4 billion deal to buy AOL. He stands to receive about $200 million for his AOL shares.
We've been lucky to host some of the most brilliant minds of our time at IGNITION: Future of Digital, Business Insider's annual flagship conference in NYC. Last year, AOL CEO Tim Armstrong spoke at IGNITION and squashed rumors of an AOL-Yahoo! merger. Show More Summary
NEW YORK -- AOL CEO Tim Armstrong assured employees on Tuesday morning that the company would operate as a separate division of Verizon after the $4.4 billion acquisition deal is completed. The deal, he said, will bolster AOL’s hopes of dominating the burgeoning and lucrative mobile ad market. Show More Summary
“Do we get free phone service now?” That was the bemused reaction of one AOL mid-level staffer when after reading the memo from company CEO Tim Armstrong this morning announcing a $4.4 million sale to Verizon. And that quote epitomizes...Show More Summary