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Verison Buys AOL for $4.4 Billion

Telecom giant Verizon is set to buy AOL for $4.4 billion in cash. Verizon is buying the one-time Internet powerhouse for its mobile video advertising technologies as the telco looks to expand its activity in that sector. AOL chairman CEO Tim Armstrong will remain at the helm. http://goo.gl/sLkFhU #EntertainmentBiz

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