Verizon buys AOL for $4,4 billion. This was announced by the US giant that operates in the telecommunications and broadband sector. The offer is $50 per share.
The news explodes like a firework for the US telecommunications sector. The transaction, which will be completed in the summer, values AOL at an approximately 17% premium over yesterday's close. The transaction provides for the launch of an offering and the subsequent integration of AOL into Verizon. AOL chairman and CEO Tim Armstrong will maintain his position following the close of the deal. On Wall Street, in the pre-market AOL shares rose by 17,9%, while Verizon lost 1,61%.
In Italy, the news of the maxi-merger in the telecommunications causes an initial backlash: after a morning in the wake of the Ftse Mib, Telecom Italia accelerates and snatches upwards (+3,5% to 1,077 euros). The operation rekindles operators' bets on telecommunications risk. A process that could also involve the telecommunications operators of the Old Continent.
