AOL buys Huffington Post for $315 million
AOL has agreed to acquire The Huffington Post website for $315 million. The left-leaning website was launched in 2005 by a group led by Arianna Huffington and currently boasts a readership of 25 million unique monthly visitors (according to December ComScore numbers). “This is truly a merger of visions and a perfect fit for us,” said Huffington, in the statement. “The Huffington Post will continue on the same path we have been on for the last six years – though now at light speed — by combining with AOL.”
Huffington will be president and editor-in-chief of AOL’s new Huffington Post Media Group, which will include content from Engadget, TechCrunch, Moviefone, MapQuest, and other sites.