Verizon officially acquires AOL, teases mobile video service

Verizon officially sealed the deal to buy AOL at $50/share for a total of $4.44 billion. The next step will be the summer arrival of a mobile-first video service, AOL CEO Tim Armstrong and Verizon EVP Marni Walden detailed in a call yesterday. The new offering will include free and premium versions of live content from the NFL and other sports as well as emerging content from such sources AwesomenessTV. Armstrong will continue to run AOL operations; President of Verizon Digital Media Services Bob Toohey will report to Armstrong; Armstrong will report to Walden.

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