Huffington Post acquired by AOL, Arianna Huffington named EIC

Posted by Andru Edwards Categories: Acquisitions, Corporate News, News,

AOL said Sunday night that it will acquire The Huffington Post for $315 million, which will place Arianna Huffington at the helm of all of AOL's media properties as editor in chief.

Boards of both companies have approved the transaction, AOL said in a press release. About $300 million will be paid by AOL in cash.

With the move, Huffington will oversee all of AOL's editorial content, including Engadget, TechCrunch, MapQuest, and other properties.

Although The Huffington Post is private, the site records 25 million unique visitors per month, generating an undisclosed number of pageviews. The site also generates 4 million comments per month, according to AOL. Combined, the AOL properties will deliver 270 million visitors per month around the world, with 117 million in the U.S., AOL claimed.

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