FILE - This April 7, 2013, file photo, shows the Verizon studio booth at MetLife Stadium, in East Rutherford, N.J. Verizon Communications Inc. is buying AOL Inc. for about $4.4 billion, advancing the telecom’s push in both mobile and advertising fields, the company announced, Tuesday, May 12, 2015. (AP Photo/Mel Evans, File)

Verizon buying AOL for $4.4 billion

The acquisition gives Verizon an entryway into the increasingly competitive online video space. The New York company is the country’s largest wireless carrier as well as an Internet and TV provider.