AOL to Buy The Huffington Post in $315 Million Deal

AOL to Buy The Huffington Post in $315 Million Deal

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 were expected to announce the deal Monday morning. The deal will
allow AOL to greatly expand its news gathering and original content creation, areas that its chief executive, Tim
Armstrong, views as vital to reversing a decade-long decline.
Read More: http://www.nytimes.com/2011/02/07/business/media/07aol.html?emc=na

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