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....
No comments:
Post a Comment