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.
11:10 Merged BAT-Reynolds could be loaded with up to $55 billion of debt, analysts say5
23:06 AT&T discussed takeover in meetings with Time Warner: Bloomberg
16:51 Scottrade Sale Nearly Doubles Owner’s Wealth to $4 Billion10
00:02 AT&T Aims for an Empire in Merger Talks With Time Warner6