The Huffington Post Bought Out by AOL for $315 Million (Video)

February 7, 2011, By Sanjeev Ramachandran

One of the biggest success stories in web history, The Huffington Post, will now come under the AOL fold. The website which had made a notable debut way back in 2005 and skyrocketed in popularity over the years, has been bought over by AOL for $315 million.

The terms of the deal have it that AOL will pay $300 million in cash and the rest in stock. With the buying out of The Huffington Post, AOL has effected its biggest acquisition since moving out of the Time Warner roof in 2009. The acquisition will also mean that The Huffington Post’s co-founder Arianna Huffington will now be in control of all of AOL’s editorial content as president and editor in chief of a newly created Huffington Post Media Group.

It is being said that the deal comes as part of AOL’s bid to focus more on original content. This may be seen as a continuation to AOL’s last acquisition of TechCrunch, founded by Michael Arrington some time ago.

AOL has decided to hand over much control to Arianna Huffington in an effort aimed at making her AOL’s public face. This could also be seen as bringing in Arianna’s expertise in handling news and features related to national, local and financial news.

The Huffington Post, which had its beginning as a liberal blog, has been attracting as many as 25 million visitors every month. With the AOL take over, the number is expected to zoom.

Here’s a video:

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