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AOL to buy online Huffington Post for $315M - USATODAY.com
NEW YORK (AP) — Online company AOL is buying online news hub Huffington Post in a $315 million deal that represents a bold bet on the future of online news.
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Perhaps just as important as picking up a news site that ranks as one of the top 10 current events and global news sites, AOL (AOL) will be adding Huffington Post co-founder and media star Arianna Huffington to its management team as part of the deal.
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.
NEW YORK (AP) — Online company AOL is buying online news hub Huffington Post in a $315 million deal that represents a bold bet on the future of online news.
snip
Perhaps just as important as picking up a news site that ranks as one of the top 10 current events and global news sites, AOL (AOL) will be adding Huffington Post co-founder and media star Arianna Huffington to its management team as part of the deal.
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.