AOL To Buy Apple

[Edi tor's Note: We ran the following story on Saturday, April 1st for an April Fool's joke. Thanks to everyone who wrote in with comments. :-)] AOL has announced their next acquisition, and we are sad to report that it is Apple. The company announced that they would be purchasing Apple, with the transaction to take place on April 1st. The company has offered 700 million shares of AOL stock and US$2.425 Billion in cash. This represents a 21.5% premium over Apple's closing price of 135 13/16 on Friday considering AOL's closing price of 67 14.