Monday, February 07, 2011

AOL Buys Huffington Post for $315 Million in Cash | Kara Swisher | BoomTown | AllThingsD

Another AOL reincarnation; check the link below for more details

In a bold and definitive move, AOL is paying $315 million, mostly in cash, to buy the Huffington Post, one of the Web’s most prominent news and opinion sites.

As part of the deal, Huffington Post Co-founder Arianna Huffington (pictured here)–who was derided by some when she co-founded the left-leaning site in 2005 with investor and well-known communications exec Kenneth Lerer–will become president and editor-in-chief of the Huffington Post Media Group within AOL.

AOL Buys Huffington Post for $315 Million in Cash | Kara Swisher | BoomTown | AllThingsD

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