On midnight Monday, AOL announced it will buy The Huffington Post for $315 million — $300 million in cash and $15 million in AOL stock. The price is about 10 times the Post’s revenue of $31 million. The cofounder and public face of The Huffington Post, Arianna Huffington, will become president and editor-in-chief of the Huffington Post Media Group, which will handle all Huffington Post and AOL content. The Huffington Post, founded in 2005, draws in 25 million unique visitors a month. The news site covers a wide range of topics, from celebrity gossip to politics.
Loading ...
AOL Hands Content Scepter to Arianna
Posted by: Rob Spiegel February 7, 2011 12:17 PMOn midnight Monday, AOL announced it will buy The Huffington Post for $315 million — $300 million in cash and $15 million in AOL stock. The price is about 10 times the Post’s revenue of $31 million. The cofounder and public face of The Huffington Post, Arianna Huffington, will become president and editor-in-chief of the Huffington Post Media Group, which will handle all Huffington Post and AOL content. The Huffington Post, founded in 2005, draws in 25 million unique visitors a month. The news site covers a wide range of topics, from celebrity gossip to politics.