Monday, February 7, 2011

An Amazing Purchase by AOL

In the Los Angeles Times we read that AOL will be purchasing the Huffington Post for $315 million! At that rate this smaller but much more civilized blog must be worth at least $50 million. ;-)

In a bid to make itself relevant again, struggling Internet pioneer AOL Inc. announced late Sunday that it would buy the Huffington Post, the well-known news and opinion site, for $315 million in cash and stock.

As part of the deal, Huffington Post co-founder Arianna Huffington will oversee a new group responsible for bringing together all editorial content from both companies including news, technology, music and local media websites....

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