Verizon Has Acquired AOL for $4.4 Billion

It has been confirmed by Tim Armstrong on CNBC this morning that AOL has been purchased by Verizon for $50 per share or $4.4 billion. The transaction is expected to be completed this summer. AOLers…

AOL Fires All AOL Music Staff and Closing Down All Properties with Immediate Effect

AOL has just closed and fired everyone within their AOL Music sector. This includes the closure of AOL Music and Spinner. Spinner editor Dan Reilly confirmed the news via Twitter. “Well, we all just got…

AOL with Upcoming Lyrics Offering

A week after AOL sacked 2,000 out of its 10,000 employees, mainly to focus resources on their new advertising platform exploits, they have no mentioned offering a new lyrics product in conjunction with Gracenote. Gracenote…