Verizon Communications today finalized its acquisition of AOL.
AOL now exists as a wholly owned subsidiary of Verizon. AOL is the parent to many media properties, including Engadget and Huffington Post. Verizon intends to use AOL’s media brands to expand its own media businesses. AOL CEO Tim Armstrong will remain in charge of the AOL subsidiary and will report to Marni Walden, Verizon’s EVP of Product Innovation.
Verizon Communications is the parent company of Verizon Wireless.
