AOL Acquires Patch and Going
AOL acquired two companies to add to AOL's network of local services -- Patch focuses on community-specific news and information while Going is a local event platform. Noted AOL Chairman and CEO Tim Armstrong, "Local remains one of the most disaggregated experiences on the Web today -- there’s a lot of information out there but simply no way for consumers to find it quickly and easily. It’s a space that’s prime for innovation."