media digging AOL announced the acquisition of a news blog huffington post. The transaction amount will be 315 million US dollars. The purchase will entail the creation of a joint organizational unit – Huffington Post Media Groupto be chaired as President and Editor-in-Chief by Arianna Huffington, Co-Founder huffington post.
The range of topics covered huffington post very wide: from politics and economics to sports and cultural news. More than 26 million unique visitors visit the service every month. We are talking about tens of millions of annual profits. According to the statement of the two companies, made on Monday, the transaction will be fully completed by the end of the first - the beginning of the second quarter of this year.
Acquisition huffington post became one of a series of acquisitions AOLcommitted to strengthen their position in the online media. Previously, the company acquired such fairly popular resources as TechCrunch, 5MinMedia и Thing Labs.