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AOL is Now a Pawn in the Growing Battle Between Media and Internet Giants
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12.05.2015
There is a battle brewing between some of the biggest companies in the world as they position themselves to soak up the billions of advertising dollars slated to be spent online in the coming years. On Tuesday, AOL was tossed into the fray. Verizon announced on Tuesday that it had acquired AOL for $4.4 billion. That might sound like a lot of money, but it's chump change compared to AOL's height in 1999 when the Internet giant was valued at $222 billion and was so core to popular culture that it was the center of a Meg Ryan-Tom Hanks romantic comedy.
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