M&A Deal Summary

Verizon Communications Acquires AOL

On May 12, 2015, Verizon Communications, Inc. acquired internet software and services company AOL, Inc. for 4.4B USD

Acquisition Highlights
  • This is Verizon Communications’ 2nd transaction in the Internet Software and Services sector.
  • This is Verizon Communications’ 5th largest (disclosed) transaction.
  • This is Verizon Communications’ 14th transaction in the United States.
  • This is Verizon Communications’ 1st transaction in New York.

M&A Deal Summary

Date 2015-05-12
Target AOL, Inc.
Sector Internet Software and Services
Buyer(s) Verizon Communications, Inc.
Deal Type Add-on Acquisition
Deal Value 4.4B USD
Advisor(s) Allen & Company (Financial)
Wachtell, Lipton, Rosen & Katz LLP (Legal)

Target

AOL, Inc.

New York, New York, United States
website
AOL office in Palo Alto, California.
AOL office in Palo Alto, California.
AOL is a media technology company that produces, distributes, and monetizes by connecting publishers with advertisers on its global, programmatic content and advertising platforms. The Company was formed in 1985 and is based in New York City.

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Buyer(S) 1

Buyer

Verizon Communications, Inc.

New York, New York, United States

website


Category Company
Founded 1983
SectorCommunications
Employees130,100
Revenue 128.3B USD (2020)
DESCRIPTION
Verizon storefront in New York City.
Verizon storefront in New York City.

Verizon is a provider of communications, information, and entertainment products and services to consumers, businesses and governmental agencies. Verizon offers voice, data and video services and solutions on wireless and wireline networks that are designed to meet customers’ demand for mobility, network connectivity, security and control. Verizon dates back to 1983 and is based in New York City. Verizon was founded in 1983 and is based in New York, New York.


DEAL STATS #
Overall 14 of 34
Sector (Internet Software and Services) 2 of 6
Type (Add-on Acquisition) 11 of 28
State (New York) 1 of 4
Country (United States) 14 of 32
Year (2015) 1 of 1
Size (of disclosed) 5 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-05 Verizon Communications Inc. - Wireline Operations in California, Florida and Texas

New York, New York, United States

Verizon's Wireline Operations in California, Florida and Texas include 3.7 million voice connections, 2.2 million broadband connections, and 1.2 million FiOS® video connections.

Sell $10.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-23 Cybertrust, Inc.

Herndon, Virginia, United States

Cybertrust provides large enterprises and governments around the world with a suite of security products and services to address their vulnerability detection and prevention, identity management, risk management, and compliance needs.

Sell -