Gadgetory

what will the Verizon control a will mean for you you might just find out I my exact heart in for Bridget Carey this is your scene at update Verizon announced its intention to buy AOL for $50 per share in an all-cash deal that totals up to 4.4 billion dollars if the deal gets regulatory approval AOL would become a wholly owned subsidiary of Verizon with current AOL chairman and CEO Tim Armstrong heading up the a-all division now what does Verizon want with AOL Verizon officially says the move is a significant step in building digital and video platforms to drive future growth and the acquisition further drives its LTE wireless video and over-the-top video strategy after that Verizon specifically mentioned that AOL is a leader in the digital content advertising platform space ok so what is this deal all about and what does it mean for you the deal seems to suggest that Verizon is buying AOL for Verizon's upcoming TV over the Internet service that had bought from Intel back in January 2014 a oels advertising expertise could mean that Verizon would make more money on advertising for that service and not be as reliant on subscription fees that could allow Verizon to have a more profitable over-the-top service and maybe even pass along the savings to the consumer emphasis on the maybe that's just redo the tea leaves so far on top of that there's also murmurs from recode that say a oels content arm from properties like Huffington Post and TechCrunch could be spun out that would suggest you won't be seeing a o L content with Verizon branding everywhere ll see how all of this turns out in other news it appears that streaming music may not be the death of record labels weren't a music group announced that it made more money streaming music than it did from selling downloads in the last quarter this shift is the first time any of the major music labels has reported that streaming revenue exceeded download revenue the music industry has been at odds with streaming services as to what is a proper business model free but with AD support or subscription only Warner Music Group CEO Stephen Cooper warned that taking away music from free services could lead to an increase in piracy stressing that piracy is zero well any other thing music streaming or downloads is better than zero now it's time to visit Facebook land The Next Web reports that Facebook is working on a new way to make buying and selling items easier between Facebook users Facebook already allowed people to sell items and groups but a new option being tested would allow a person to see all for sale posts or search all public groups for an item the search would also include a drop-down menu that would limit your search to a particular category like books cameras or event tickets The Next Web says the search function doesn't work that well yet but this new e-commerce part of Facebook could go live in the coming weeks that's your tech news update and you can head on over to cnn.com for more and follow along on Twitter from our studios in New York Mya's actor