Verizon Communications is buying AOL for $4.4B in a deal believed to be focused on Verizon’s ambitions in mobile video and advertising.

The acquisition would give Verizon, which has set its sights on entering the crowded online video marketplace, access to advanced technology AOL has developed for selling ads and delivering high-quality Web video.

Traditional TV viewing is changing dramatically, consumers not only giving up their¬†cable TV subscriptions in favor of video on demand over the Internet (a market Apple is believed to be planning to enter in the fall), but increasingly watching video on mobile devices …¬† expand full story