Monday, February 7, 2011

The Huffington Post AOL buys $ 315 million for the popular blog

WASHINGTON - The Internet service provider AOL will buy 315 million dollars for The Huffington Post, the blog has become one of the most popular sites in the world, with nearly 25 million visitors a month. About 300 million will be paid in cash. The board of directors of both companies and shareholders of the Huffington Post have already given the green light to the operation, which should be completed at the turn of the first and second quarter.

Arianna Huffington, the writer who invented the seguitissimo and authoritative blog will be president and editor in chief of the new group (The Huffington Post Media Group), which will integrate the contents of the two companies. Overtly political left, The Huffington Post was created in 2005 with an initial investment of one million dollars and has played an important role in the election of the President, Barack Obama.

No comments:

Post a Comment