It’s been nearly a year and a half since Verizon acquired Intel’s ‘OnCue’ TV unit, with a goal of launching its own ‘over-the-top’ internet television service.ย With that OTT launch expected this summer, Verizon is now paying roughly $4.4 billion to acquire AOL.
In January, Verizon CEO Lowell McAdam denied a report that a deal was in the works. “I think AOL along with lots of other media companies are potential for us to do partnering, on a commercial basis or whatever,” McAdam said at the time. “But to say that we are having significant acquisition discussions is really not accurate.”