Online company AOL Inc. is buying the high-traffic website Huffington Post in a $315-million US deal.
The acquisition, which will put Huffington Post co-founder Arianna Huffington in charge of all AOL content, brings AOL an additional 25 million unique visitors a month.
The deal "will create a next-generation American media company with global reach that combines content, community and social experiences for consumers," AOL CEO Tim Armstrong said in a statement announcing the deal early Monday.
Read more: http://www.cbc.ca/world/story/2011/02/07/aol-huffington-post.html#ixzz1DIK0wLYw