Tim Armstrong will continue to lead AOL operations, reporting to Marni Walden, Verizon executive vp.
"As a result, AOL shares will no longer be traded on the New York Stock Exchange, and AOL is now a wholly owned subsidiary of Verizon," the company said.
16:46 A look at how Trump’s moves on coal will affect the industry13
00:32 Elon Musk is setting up a company that will link brains and computers23
20:18 Elon Musk's new co could allow uploading, downloading thoughts: Wall Street Journal16
22:22 Report: Tony Romo believes it's Texans or retirement in 20178