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AOL To Buy Huffington Post For $315 Million

Arianna Huffington will be named president and editor-in-chief of The Huffington Post Media Group, which will integrate all Huffington Post and AOL content.

AFP/AlterNet

February 6, 2011 |
WASHINGTON — US Internet provider AOL will buy The Huffington Post, a rapidly growing news website with nearly 25 million monthly visitors, for $315 million, the company announced Monday.

Approximately $300 million will be paid in cash, it said.

The Huffington Post is privately owned, but the proposed transaction is subject to government approvals.

The boards of directors of each company and shareholders of The Huffington Post have approved the transaction, expected to close in the late first- or early second-quarter of 2011, the announcement said.

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