Verizon: Is AOL Worth The Cash?
- Verizon agreed to purchase AOL for $4.4 billion in cash.
- The deal adds debt to an already large debt load.
- AOL doesn't appear to add the exciting assets suggested by the press release with the company offering limited growth.
- At this point, any deal adding debt isn't appealing, but the materiality of the deal doesn't adjust a breakout forecast for Verizon's stock.
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