Sunday, February 6, 2011

AOL to Buy The Huffington Post for $315 Million

Wowzers!Arianna Huffington is selling the Huffington Post to AOL Inc. for $315 million in cash.

Ariana's new position will be president and editor in chief of a new Huffington Post Media Group division at AOL.

The purchase will increase AOL's news portfolio as it competes against Yahoo's growing online news publication profile and Google's news efforts, as well as traditional media companies online.

That's amazing news for the Huffington post crew, it will be interesting to see how this all plays out!

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