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Verizon Communications (VZ) overpaid for AOL, says Macquarie Capital, which downgraded Verizon stock on Tuesday, saying the AOL deal is Verizon’s latest questionable strategic move. Despite having cobbled together assets to support mobile video services, Verizon faces an uphill battle in mobile advertising vs. Facebook (FB) and Google (GOOGL), asserts Macquarie. Verizon agreed to buy AOL (AOL) on Tuesday for $4.4 billion. The acquisition will give Scalper1 News
Scalper1 News