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AOL To Buy Huffington Post

February 7th, 2011 02:45 admin Leave a comment Go to comments

The Media

Hugh Pickens writes writes “The La Times reports that AOL has agreed to purchase the Huffington Post for $315 million. The purchase will increase AOL’s news portfolio as it competes against Yahoo’s growing online news publication profile and Google’s news efforts, as well as traditional media companies online. The purchase has yet to acquire government approvals, but the boards of directors of each company and shareholders of the Huffington Post have approved the transaction.”

Source: AOL To Buy Huffington Post

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