
Verizon Bought AOL to Attack Google and Facebook
Buying AOL, Inc. was a deal Verizon had to make, given that Verizon’s bundled telephone, Internet and pay-TV services seem headed toward serious decline.

Buying AOL, Inc. was a deal Verizon had to make, given that Verizon’s bundled telephone, Internet and pay-TV services seem headed toward serious decline.

John Malone, Chairman of Liberty Media, the dominant shareholder of Charter Communications, reportedly called Time Warner Cable CEO Rob Marcus in recent days about a friendly merger following the collapse last week of an offer by Comcast to buy Time Warner, according to the Wall Street Journal blog. Malone and Marcus appear be discussing a 3-way merger that would challenge Comcast’s industry dominance.