AOL has announced that its popular AOL Instant Messenger AIM will be officially discontinued after 20 years of service online in December. Here are the details.

Verizon has officially announced that it will be acquiring AOL for $4.4 billion in a cash deal. Where Verizon has been trying to work out a deal for a merger with AOL for some time now, it looks like the option for a full-on purchase was always on the cards.