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Stock Market & Financial Investment News

News Breaks
January 23, 2014
07:31 EDTAOLAOL to acquire Gravity for approximately $83M
AOL announced it has entered into an agreement to acquire Gravity, the company that created the Interest Graph. AOL has agreed to acquire Gravity for a closing purchase price of approximately $83M. An additional $7.7M of consideration will be deferred and paid over two years following closing. As part of the transaction, AOL will acquire approximately $12M of net operating losses, which is expected to result in a future cash tax benefit to AOL of approximately $5M. AOL expects the acquisition to close in 1Q14.
News For AOL From The Last 14 Days
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November 12, 2014
06:00 EDTAOLYahoo investors met with AOL CEO to push merger, Reuters reports
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