It's the last big acquisition in new restructuring plan
(NEWSER) - AOL will purchase online advertiser Quigo, its final acquisition on a major restructuring agenda. The Time Warner unit has had poor ad growth recently—13% this past quarter, down from 40% percent levels—and is seen as trying to stay competitive with Google and Yahoo. The purchase, reportedly valued at around $340 million, is the latest in a “buying frenzy,” Reuters reports—on the heel of Microsoft’s $6 billion buy of aQuantive. More»
