And to think not even the Koch Brothers are willing to underwrite
K-Lo's virginity blog.The Huffington Post, which began in 2005 with a meager $1 million investment and has grown into one of the most heavily visited news Web sites in the country, is being acquired by AOL in a deal that creates an unlikely pairing of two online media giants.
The two companies completed the sale Sunday evening and announced the deal just after midnight on Monday. AOL will pay $315 million, $300 million of it in cash and the rest in stock.
Rising Hegemon
6 comments:
And Arianna Huffington will go on to be known as "the gadfly of Davos."
AOL gets free content for almost a third of a billion dollars. Once again, AOL has chosen unwisely. And life is good, daahlink.
HP became a joke a long time ago. Great investment for all the AOL users out there.
Arianna lost any credibility she had when she founded HuffPo. Years ago, as a converted liberal, she had a shred of authenticity railing against her former Repubican cohorts.
AOL thinks it bought a lifeline, instead of a land mine in its belly.
vox
they have 15 mil of stock?
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