Monday, December 22, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Samsung Introduces SE790C Curved Monitor
Chinese Motion-sensing VR Glasses Coming On Kickstarter
Kodak Returns To CES With Consumer Product Line
North Korea Suggests Joint Inverstigation With U.S. Over Sony Hacking
T-Mobile to Pay $90 Million To Settle Case With FCC
New Trojan Targetted Banks Wordlwide
FBI Confirms North Korea Was Behind Sony Hack
Apple Responds To BBC's Allegations Over Working Conditions In Chinese Factory
Active Discussions
Digital Audio Extraction and Plextools
Will there be any trade in scheme for the coming PSP Go?
Hello, Glad to be Aboard!!!
Best optical drive for ripping CD's? My LG 4163B is mediocre.
Hi All!
cdrw trouble
CDR for car Sat Nav
DVD/DL for Optiarc 7191S at 8X
 Home > News > General Computing > AOL to ...
Last 7 Days News : SU MO TU WE TH FR SA All News

Monday, February 07, 2011
AOL to Acquire The Huffington Post For $315 Million


AOL has agreed to buy The Huffington Post, the news, analysis and lifestyle website, for $315 million, the U.S. Internet company announced on Monday.

Founded in 2005, The Huffington Post now counts U.S. 25 million unique monthly visitors, according to AOL.

The transaction will create a global, national, local, and hyper-local content group for the digital age - leveraged across online, mobile, tablet, and video platforms.

The new group will have a combined base of 117 million unique visitors a month in the United States and 270 million around the world, AOL sid in a statement.

As part of the transaction, Arianna Huffington, The Huffington Post's co-founder and editor-in-chief, will be named president and editor-in-chief of The Huffington Post Media Group, which will include all Huffington Post and AOL content, including Engadget, TechCrunch, Moviefone, MapQuest, Black Voices, PopEater, AOL Music, AOL Latino, AutoBlog, Patch, StyleList, and more.

"The acquisition of The Huffington Post will create a next-generation American media company with global reach that combines content, community, and social experiences for consumers," said Tim Armstrong, Chairman and CEO of AOL. "Together, our companies will embrace the digital future and become a digital destination that delivers unmatched experiences for both consumers and advertisers."

"This is truly a merger of visions and a perfect fit for us," said Huffington. "The Huffington Post will continue on the same path we have been on for the last six years - though now at light speed - by combining with AOL. Our readers will still be able to come to the Huffington Post at the same URL, and find all the same content they've grown to love, plus a lot more - more local, more tech, more entertainment, more finance, and lots more video."

AOL has agreed to purchase The Huffington Post for $315 million, approximately $300 million of which will be paid in cash funded from cash on hand. The Huffington Post is privately owned by its two cofounders, as well as a group of investors. The proposed transaction is subject to customary closing conditions, including receipt of government approvals. The boards of directors of each company and shareholders of The Huffington Post have approved the transaction. The transaction is expected to close in the late first- or early second-quarter 2011.


Previous
Next
Hackers Hit Nasdaq's Servers        All News        Toshiba Starts Delivery of Commercial UIM Card supporting Near Field Communication
Hackers Hit Nasdaq's Servers     General Computing News      Researchers Create Carbon Nanotube-based Integrated Circuits on Plastic Substrates

Get RSS feed Easy Print E-Mail this Message

Related News
AOL Reports Cyber Attack
AOL Video Content to Be Available on Microsoft Devices
AOL Unveils The ONE Ad Platform
AOL, Microsoft, Yahoo To Streamline Access To Ad inventory For Advertisers
AOL Releases Alto Cloud-based Email App For Gmail, Yahoo Mail, AOL Mail And .Mac
AOL's Video Library Comes To YouTube
Microsoft To Spend $1.056 Billion On Buying AOL Patents
Yahoo, Microsoft and AOL Announce Advertising Alliance
AOL Targets Yahoo
AOL To Sell Bebo
AOL Integrates AIM with Facebook Chat
AOL Acquires StudioNow Online Video Platform

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .