Betting on News, AOL Is Buying The Huffington Post

The Huffington Post, which began in 2005 with a meager $1 million investment and has grown into one of the most heavily visited news Web sites in the country, is being acquired by AOL in a deal that creates an unlikely pairing of two online media giants.The two companies completed the sale Sunday evening and announced the deal just after midnight on Monday. AOL will pay $315 million, $300 million of it in cash and the rest in stock. It will be the company’s largest acquisition since it was separated from Time Warner in 2009.
http://www.nytimes.com/2011/02/07/business/media/07aol.htmlAlso see:Huffington Post-AOL, a marriage made in SEOland
Arianna Huffington remade the media landscape this morning when she became content leader for AOL, which purchased her 5-year-old Huffington Post website for $315 million.That may have been the top news story at Huffington Post. But the other headlines attracting bundles of clicks there Monday were: “Kim Kardashian Loves ‘W Magazine’ Nude Photos,” “Christina Aguilera Totally Messes Up National Anthem” and “Jennifer Aniston Wears Bra Vibrator on ‘The Ellen DeGeneres Show.’ “
http://latimesblogs.latimes.com/the_big_picture/2011/02/huffington-post-aol-a-marriage-made-in-seoland-.html

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