You’ve Got AOL!

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4.7 • 1.7K Ratings

🗓️ 12 May 2015

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

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Summary

Why is Verizon buying AOL for $4.4 billion in cash? Which state’s governor just gave the green light to Tesla Motors? And when does a growth stock’s valuation become so high it causes nosebleeds?

Transcript

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0:00.0	It's Tuesday, May 12th.
0:03.0	Welcome to Market Foolery.
0:04.0	I'm Chris Hill.
0:05.0	Joining me in studio today for Motley Fool Rule Breakers and
0:08.0	Supernova, David Kretsman, and Aaron Bush.
0:10.0	Thanks for being here, guys.
0:11.0	Good to be here.
0:12.0	Gosh, who's working on the
0:15.2	services if you're in here if you're... I didn't know what's happening.
0:18.3	It's chaos out there. Let's get through this as quickly as possible.
0:21.8	Hurry up.
0:24.0	We are going to make a rare delving into state politics and that will be explanatory, self-ex be explanatory in a moment.
0:35.0	We're going to dip into the full mail bag, but let's start with the deal of the day and
0:40.0	that is Verizon buying AOL for $50 a share.
0:44.0	This is an all-cash deal worth about 4.4 billion.
0:48.0	Tim Armstrong, who's the CEO at AOL,
0:51.0	is still going to be the CEO.
0:54.4	AOL will be a wholly owned subsidiary.
0:58.2	And we were talking about this earlier, David.
1:00.8	I'll just start with you.
1:01.9	I look at this deal and honestly the once I saw the numbers involved
1:07.8	One of my first thoughts was I think Verizon's board I think this is the business equivalent of
	...

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