BREAKING NEWS

AOL to buy Huffington Post for $315 million

By ASSOCIATED PRESS

FEBRUARY 7, 2011 12:07

NEW YORK— Online company AOL Inc. will buy highly-trafficked website Huffington Post in a $315 million deal that represents a big bet on the future of online news.

The acquisition, which will put Huffington Post co-founder Arianna Huffington in charge of all AOL content, brings AOL an additional 25 million unique visitors a day.

That could help AOL begin to turn around its display advertising business, which has struggled to grow as the company tries to turn itself into a content provider and moves farther away from its roots providing dial-up Internet.

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