AOL to buy The Huffington Post for $315 million



WASHINGTON | Mon Feb 7, 2011 3:08am EST

(Reuters) - AOL Inc has agreed to buy The Huffington Post, the influential and rapidly growing news, analysis and lifestyle website, for $315 million, the struggling U.S. Internet company announced on Monday.

The move will create a media group that will have a combined base of 117 million visitors a month in the United States, and reach 270 million people globally, AOL said in a statement.

The deal follows efforts by AOL's chief executive Tim Armstrong to turn around the dial-up Internet access business by trying to turn it into a media and entertainment powerhouse, despite difficulties in attracting investors.

AOL to buy The Huffington Post for $315 million

I am surprise that a news website is sold in $315 million. Which really great for Huffington post.There is 117 million users visit Huffington in one month this is really big number visitor for one site. I think this will able to increase the market reputation of AOL.

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