1.) Summarize the acquisition of AOL by Verizon on 6/23/15, highlighting how it was accomplished, including the timing and price paid. Also discuss any goodwill which was allocated to the purchase price. Find an article which addresses the reasons for the acquisition and summarize.
2.) Summarize the TimeWamer settlement of AOL’s accounting fraud charges and which periods’ financial statements were affected. Summarize the changes to the financial statements for any years which restatements were required, highlighting the effects on reported earnings.