Arianna Huffington Sells Huffington Post To AOL For $315 Million
I’m guessing that’s probably about what Socialite Life would sell for too. HA!
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.
Arianna Huffington (seen here at the AOL at the Maxim Party on Saturday in Dallas), The Huffington Post’s co-founder and editor-in-chief, will be named president and editor-in-chief of The Huffington Post Media Group, which will integrate all Huffington Post and AOL content. Fittingly, Arianna posted her take called “When HuffPost Met AOL: ‘A Merger of Visions'” on The Huffington Post this morning.
That includes Engadget, TechCrunch, Moviefone, MapQuest, Black Voices, PopEater, AOL Music, AOL Latino, AutoBlog, Patch, StyleList, and other sites.
What are your thoughts on the merger with AOL? Share them in the comments.