<|begin_of_text|><|begin_of_text|><|begin_of_text|>Verizon has agreed to buy AOL for $4.4 billion.
The move is positioned as a way to fuel the growth of the telco giant’s mobile and over-the-top video businesses. AOL’s assets and expertise in mobile content and<wm> user experience are seen to be valuable additions to Verizon’s portfolio.
Verizon also plans to combine AOL's Internet Explorer-based video streaming platform, AOL TV, with its own T-Mobile prepaid services to improve the quality of the company's mobile network and expand its wireless internet services.
Verizon did not comment when asked about what was specifically being sold or what was changed about AOL’s business.
For their last 34 years of existence, AOL had focused primarily on dial-up internet service and online content. However</wm>, it received significant financial troubles in 2008 and filed for bankruptcy and merged with Comcast in 