Reports that AOL's (NYSE: AOL) marriage and divorce from Time Warner (NYSE: TWX) mortally wounded the Internet pioneer are apparently wrong. AOL has ponied up $315 million to buy well-read website Huffington Post.
The six-year-old Huffington Post, the public face of co-founder and publisher Ariana Huffington, claims about 25 million unique visitors a day. What makes these visitors unique is something that AOL will have to determine, but 25 million is a big number by any stretch of the imagination.
AOL is so enamored of Huffington, in fact, that she's been named president and editor-in-chief (not sure which title is more impressive) of the new Huffington Post Media Group that will include, besides the Huffington Post, of course, Engadget, TechCrunch, MapQuest and Path.
- Forbes has this story
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