Over the last 5 years, AOL has grown and outperformed the market by investing in the future of content, video, and programmatic platforms. In efforts to reach a broader market with an exponentially larger opportunity, AOL is being acquired by Verizon to create a company best positioned for the next generation of mobile and video. According to reports, Verizon is buying AOL for about $4.4 billion USD.The new entity will combine world-class media and world-class technology across every device. AOL was best known in the 90s for its email service, instant messenger, and classic dial-up internet that allowed millions of homes across America to connect to the world wide web. The Huffington Post, TechCrunch, Engadget, MAKERS and AOL.com were all included in the deal. The merger is subject to regulatory approval, and is expected to close this summer.