AOL to buy Huffington Post for $315M - WAOW - Newsline 9, Wausau News, Weather, Sports

AOL to buy Huffington Post for $315M


NEW YORK (AP) -- Online company AOL Inc. says it is buying highly trafficked news website Huffington Post for $315 million in a deal that will put co-founder Ariana Huffington in charge of all AOL content.

Founded in 2005, Huffington Post now claims 25 million unique visitors a day. It is owned by Ariana Huffington, Kenneth Lerer and a group of other investors.

AOL will pay $300 million of the purchase price in cash.

Ariana Huffington will be named president and editor-in-chief of The Huffington Post Media Group, which will include all Huffington Post and AOL content, including Engadget, TechCrunch, MapQuest, Patch and more.

(Copyright 2011 by The Associated Press. All Rights Reserved.)

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