Tag - AOL
As predicted by Verizon when it announced the deal, Verizon Communications and AOL today announced the successful completion of Verizon's tender offer to purchase all outstanding shares of AOL for $50 per share in cash. As a result, AOL shares will no longer be traded on the New York Stock Exchange, and AOL is now a wholly owned subsidiary of Verizon. The sale includes AOL properties like Engadget, The Huffington Post, and Tech Crunch -- all staunch defenders of Net Neutrality and the US Federal Communication Commission's Open Internet regulation.
Verizon has signed a deal to acquire AOL, the telecoms company has revealed. The purchase will see Verizon paying out $50 per share of AOL stock, a transaction estimated to be worth $4.4 billion, which the company claims will help its LTE wireless video and "over-the-top video strategy," along with helping it support Verizon's Internet of Things (IoT) platforms.
Along with the death of AOL logins for use in Messages, the ability of AOL members to use AOL credentials to log into iTunes and its various stores is ending next month, Apple reports. The move, which appears to have been instigated by AOL, will mean that users who use AOL logins will need to migrate to an Apple ID in order to preserve purchase records and access to purchased items from iTunes, the iOS App Store and the iBookstore.
Every Sunday, Electronista and MacNN compile some notable news items from the world of gaming in a bumper post. In this week's edition of Weekly Game Replay, Nintendo's YouTube policy woes, a TV show based on Zelda, and some notable offline game items are overshadowed by the loss of one of the games industry's major news sources.
AOL's decision, revealed on Friday, to rid itself of its "enthusiast" sites has cut deep into the hearts of several communities. It is shutting down Joystiq, which has been covering the gaming community for the past 10 years, and all its sub-sites; and more to the point relevant to us and our readers, The Unofficial Apple Weblog - one of our competitors, yes, but also part of a small community - is leaving the scene.
[Updated with UK rumors] Later today, AOL will announce the closure of two of its best-known websites, Joystiq and TUAW, reports say. Both publications are expected to be folded into Engadget in some fashion. Another site, AOL Autos, is being merged into Autoblog. In the process, AOL will allegedly fire some 150 people, most of them in sales.
AOL is notifying email account holders that a recent data security breach has allowed intruders to make off with identifying information on about two percent of its user base. Data compromised in the attack includes AOL email addresses, postal addresses, contact information including cell phone numbers and backup email addresses, some employee personal data, encrypted passwords, and similarly-encrypted answers to security questions.
Following the announcement that it was going to shut down Shoutcast and cease support and downloads for popular but dated music player Winamp, AOL has today announced that it has finalized a purchase deal. Belgium-based online radio aggregator Radionomy is purchasing the assets from AOL, with the terms of the deal currently unknown.
AOL will continue supporting iCloud on its Alto webmail service after all, according to an email sent to users. Alto lets people check multiple webmail services simultaneously, such as AOL, Gmail, and Yahoo. In October, however, AOL said it would halt support for email addresses ending in @icloud, @me, or @mac after December 2.
AOL will be shutting down Winamp on December 20, after operating for 16 years. AOL, which acquired Winamp parent company Nullsoft in 1999 for $80 million, will be closing the Winamp.com website and associated web services, something which will affect existing Winamp installations, and will stop offering the media player for download.