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AOL buys Huffington Post in $315M deal

February 7, 2011 12:00:00 AM PST
AOL Inc. is buying the news website Huffington Post in a $315 million deal.

The Huffington Post was founded by Arianna Huffington six years ago and it's now visited by around 25 million people a day.

AOL will pay $300 million of the purchase price in cash.

Huffington will be joining AOL. She will be in charge of content, including The Huffington Post and all of AOL's other ventures.