Categories: Business

AOL to acquire The Huffington Post for $315 million

American news website and content aggregator The Huffington Post will be acquired by AOL for $315 million US dollars, in a deal expected to close in the coming months. Huffington Post co-founder Arianna Huffington will become president and editor-in-chief of a new Huffington Post Media Group, which will include The Huffington Post and other AOL content properties, including recently acquired TechCrunch, gadget blog Endadget, and micro-local news service Patch.

Arianna Huffington made the announcement in an article published early this morning, and outlines some of the “merger of visions” that the acquisition would entail.

“Add all that [AOL’s array of content platforms] to what HuffPost is doing with social, community, mobile, as well as our commitment to innovative original reporting and beyond-left-and-right commentary, and the blending will have a multiplier effect. Or, as Tim [Tim Armstrong, AOL Chairman and CEO] and I have been saying over the last couple of weeks: 1 + 1 = 11.

“Far from changing our editorial approach, our culture, or our mission, this moment will be for HuffPost like stepping off a fast-moving train and onto a supersonic jet. We’re still traveling toward the same destination, with the same people at the wheel, and with the same goals, but we’re now going to get there much, much faster.”

Watch Arianna Huffington and Tim Armstrong, AOL CEO, discuss the merger:

The Huffington Post is probably one of AOL’s most intelligent acquisitions in recent times in my opinion. Is their vision of a resurgent media empire finally coming to fruition?

Albizu Garcia

Albizu Garcia is the Co-Founder and CEO of Gain -- a marketing technology company that automates the social media and content publishing workflow for agencies and social media managers, their clients and anyone working in teams.

View Comments

Recent Posts

AI set to transform Product Development Lifecycle with new software engineering workbench

Innovation in software can lay claim to the very solutions that today have become the…

2 days ago

The Sociable’s 50 Under 50 Enterprise Executives

Rising from a decade of economic ambiguity, technological disruption, and the lingering specter of a…

2 days ago

UN to create taskforce on ‘disinformation’ affecting its mandate: Global Risk Report

Addressing disinformation has little to do with getting to the truth and everything to do…

2 days ago

Horasis addresses global turbulence with assembly of influential leaders in São Paulo, Brazil this October

After many years of relative stability, it seems clear we are now in a period…

1 week ago

A cyberattack or software update could trigger a robot insurgency: RAND

A future cyberattack or software update could trigger a robot insurgency, according to a report…

1 week ago

Off the grid: the rise of mobile charging amidst the electric vehicle revolution

In its century-long history, the automotive industry has not undergone a revolution quite as significant…

1 week ago