Verizon to Buy AOL for $4.4 billion
Verizon Communications today revealed plans to buy AOL for $4.4 billion. In a memo to employees, AOL CEO Tim Armstrong said the deal will strengthen both companies' push into mobile and video content. "The future in front of AOL and the industry requires scale, mobile, and video – and partnerships. In our lifetime, we will see the connection of the world on very large and very fast networks – and to play in that world with our strategy requires us to take the natural steps to secure our ability to shoot for the stars. This deal is aimed at the stars and we are going to pursue the joint vision of building the most significant media platform in the world." Verizon said the acquisition will drive its goal of delivering more video content over LTE. Verizon Communications is the parent company of Verizon Wireless. In addition to running its dial-up internet business, AOL also owns a number of media outlets, including HuffingtonPost, Engadget, and TechCrunch.
Apple Improves iPhone 6s and 6s Plus with 3D Touch
Sep 9, 2015
Apple today announced the iPhone 6s and 6s Plus, which are enhanced versions last year's iPhones. Like the iPhone 6 and 6 Plus, the 6s and 6s Plus have 4.7-inch and 5.5-inch screens, respectively, slim metal designs, and fingerprint readers built into the home button.
T-Mobile and Sprint Agree to Merge and Unite Under T-Mobile Brand and Leadership
Apr 29, 2018
T-Mobile and Sprint today announced plans to merge in an all-stock deal that will create a "New T-Mobile" worth $146 billion. The new company's combined radio spectrum assets will allow it to accelerate deployment of 5G technology.
Google Revamps Gmail, Drive, Hangouts with Businesses in Mind
Mar 10, 2017
Google this week made significant change to its core productivity suite, including its email, online storage, and messaging tools. Gmail gains support for add-ons from the G Suite Marketplace, which will let third-party companies create small apps that can hook into an enhance Gmail.
Verizon Closes Yahoo Acquisition, Launches Oath
Jun 13, 2017
Verizon Communications today said it has finalized its purchase of Yahoo. Now that the deal is complete, Verizon is merging its Yahoo and AOL assets into a new media company called Oath.
Is this what happens when a corporation has too much money?
I agree with you, however. There is such a thing as too big.