Hasta La Creative!

Verizon Communications Inc. agreed to buy AOL Inc. in a deal valued at $4.4 billion, giving the largest U.S. wireless carrier digital content and Web advertising platforms.

Verizon will pay $50 a share, a 17% premium over AOL’s stock price on Monday. AOL Chief Executive Officer Tim Armstrong will continue to lead AOL’s operations after the deal is completed, the companies said Tuesday in a statement.

“AOL has once again become a digital trailblazer, and we are excited at the prospect of charting a new course together in the digitally connected world,” Verizon CEO Lowell McAdam said in the statement.

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