AOL Buys The Huffington Post
For $315 million, with Huffington becoming part of AOL’s management team:
After the acquisition closes later this year, Huffington will be put in charge of AOL’s growing array of content, which includes popular technology sites Endgadget and TechCrunch, local news sites Patch.com and online mapping service Mapquest.The price that AOL is paying is “really just the hiring fee to get Arianna,” said technology analyst Rob Enderle.
“This is one of those out-of-left-field moves that actually makes a lot of sense. This could put AOL back on the map.”Read more at the Washington Examiner: