AOL Closes Acquisition of Huffington Post
By IB Times Staff Reporter | March 8, 2011 1:24 AM EST
Internet and media company AOL Inc. (NYSE: AOL) said it has closed its acquisition of news and opinion site The Huffington Post, creating a premier content network with local, national and international reach.
The new group will have a combined base of 117 million unique visitors a month in the United States and 253 million around the world.
AOL, which owns sites such as Engadget and TechCrunch, said it will integrate The Huffington Post with all AOL Media and AOL Local properties to create the Huffington Post Media Group.
Arianna Huffington, who co-founded Huffington Post along with Kenneth Lerer, and Jonah Peretti in May 2005, has been named President and Editor-in-Chief of the new Huffington Post Media Group.
In February, AOL had agreed to purchase The Huffington Post for $315 million.
To contact the editor, e-mail:
Most Popular Slideshows
- Top 5 Richest Tennis Athletes
- Angelina Jolie & Brad Pitt Heads to Malta For New Movie After A Whirlwind French Wedding [PHOTOS]
- 2014 US Open Update (Day 4 - Men's Singles): Murray, Djokovic, Raonic and Isner Advance to 3rd Round [PHOTOS]
- Kate Middleton’s Mom Accused Of Being A Social Climber, Prince George Not Seen By Relatives
Join the Conversation
- Australian Stock Market Report – Midday August 28, 2014
- Australian Stock Market Report – Midday August 29, 2014
- Australian Stock Market Report – Afternoon August 29, 2014
- Australian Stock Market Report – Morning August 29, 2014
- Analyst: Slowdown in Home Prices is Good, the Final Stage to Economic Recovery
- Apple iWatch is iPhone 6 Accessory on Sept 19 Release Date: 6 Confirmed Specs & Features
- iPhone 6 Release Date Update: 4.7-Inch Model Scores 65.8% In Screen-To-Size Ratio; A Surprise Entry Scales Top Spot [List Attached]
- Canada Vs Russia War Erupts Via Twitter on Russia-Not Russia Maps
- Product Recall Alert: Hewlett-Packard Pulls Out 6M Power Cords from US, Canada Over Fire Hazard Concerns, Australia Also Affected
- ISIS Wants $6.6M and Release of Aafia Siddiqui in Exchange of Head of Female US Humanitarian Aid Worker, 1st American Fighting for Jihadis Dead
- James Foley Torture Involves CIA Waterboarding Technique
- Ukraine Ceasefire Looks Remote As Putin Talks Tough At Meeting With Poroshenko