AOL Closes Acquisition of The Huffington Post

Mar 08, 2011

      Bookmark and Share

AOL announced that it has completed its acquisition of news and opinion web newspaper The Huffington Post for $315 million. AOL will integrate The Huffington Post with AOL Media and AOL Local, resulting in the formation of the Huffington Post Media Group, a source of news, opinion, entertainment, community, and digital information.

Arianna Huffington, co-founder and editor-in-chief of The Huffington Post, will be president and editor-in-chief of the new group. According to AOL, the combined media group will have an estimated user base of 117 million unique visitors a month in the United States, totaling 253 million around the world.