US telecommunications giant Verizon has agreed to buy AOL in a deal worth $4.4bn (£2.8bn), the company has announced.
Verizon is offering $50 a share for AOL, compared with AOL's closing price of $42.59 on Monday.The assets of US internet firm AOL include its dial-up subscription business.
The deal also includes websites such as the Huffington Post, Techcrunch, Engadget, Makers and AOL.com.
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