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.
For more:
- Forbes has this story
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