Verizon Communications said that it was buying Terremark Worldwide, a provider of information technology services, for $1.4 billion, the Associated Press reports. Verizon plans to pay $19 a share for Terremark. That represents a 35 percent premium to Terremark’s closing stock price on Thursday. Terremark provides cloud computing services, which let companies store data and run software on remote servers instead of their own computers. It also provides technology infrastructure services…

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About the Author:

Meris Stansbury

Meris Stansbury is the Editorial Director for both eSchool News and eCampus News, and was formerly the Managing Editor of eCampus News. Before working at eSchool Media, Meris worked as an assistant editor for The World and I, an online curriculum publication. She graduated from Kenyon College in 2006 with a BA in English, and enjoys spending way too much time either reading or cooking.

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