AOL to Buy Huffington Post for $315 Million

02:25 8/2/2011 - Πηγή: i-Reporter

BY DEALBOOK
The Huffington Post, which has grown from its small but splashy debut in 2005 into one of the Web’s most popular news sites, has agreed to sell itself to AOL, Jeremy W. Peters and Verne G. Kopytoff report in The New York Times

on Monday.

Under the terms of the deal, AOL will pay $315 million — $300 million in cash and the rest in stock.

The deal is AOL’s biggest since separating from Time Warner in 2009, and showcases the company’s intent to focus on original content. (In September, AOL bought TechCrunch, the influential technology blog founded by Michael Arrington.)

But it also represents a major media move by The Huffington Post’s co-founder, Arianna Huffington.

More from The Times:

Arianna Huffington, the cable talk show pundit, author and doyenne of the political left, will take control of all of AOL’s editorial content as president and editor in chief of a newly created Huffington Post Media Group. The arrange