Verizon’s AOL to Buy Virtual Reality Video Company RYOT

Wall Street Journal: Verizon’s AOL has agreed to acquire virtual reality and 360-degree video company RYOT. The acquisition comes as marketers and digital media organizations are investing heavily in virtual reality and 360-degree video to publish to platforms such as Facebook, YouTube and Snapchat in addition to their own properties. RYOT and its 25 staffers will form a new unit under AOL’s Huffington Post.