arianna huffington aol

AOL Buys Huffington Post for $315 Million, Arianna To Head AOL Media

Online company AOL Inc. is buying online news hub Huffington Post in a $315 million deal that represents a bold bet on the future of online news the companies announced late Sunday. The deal puts Arianna Huffington in charge of AOL’s growing content network.The acquisition announced early Monday puts a high-profile exclamatio.The acquisition of The Huffington Post will create a next-generation American media company with global reach that combines content, community, and social experiences for consumers
Huffington is to be president and editor-in-chief of a newly formed division called The Huffington Post Media Group, and will oversee all Huffington Post and AOL content, including Engadget, TechCrunch, Moviefone, MapQuest, AutoBlog, Patch and others.
“We have an opportunity to accelerate everything we’re doing very dramatically,” Huffington told Wired.com in a phone interview Monday. “Tim’s vision and my vision I saw aligned, including expanding our local reach and our original reporting.”