AOL to buy Huffington Post in $315M deal
Online company AOL Inc. is buying the high-traffic website Huffington Post in a $315-million US deal.
The acquisition, which will put Huffington Post co-founder Arianna Huffington in charge of all AOL content, brings AOL an additional 25 million unique visitors a month.
The deal "will create a next-generation American media company with global reach that combines content, community and social experiences for consumers," AOL CEO Tim Armstrong said in a statement announcing the deal early Monday.
Founded in 2005, Huffington Post is owned by Huffington, Kenneth Lerer and a group of other investors. AOL will pay $300 million US of the purchase price in cash.
Showing posts with label AOL buys Huffington Post. Show all posts
Showing posts with label AOL buys Huffington Post. Show all posts
Monday, February 7, 2011
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