AOL Buys Huffington Post: A New Era of Online News

Online media giant AOL AOL has bought The Huffington Post for $315 million. It will pay $300 million in cash, the rest in stock for the news website. When The Huffington Post raised money just over a year ago, the value of the site was rumored to be $125 million. It has 25 million unique users a month, according to Comscore figures. AOL has just over 90 million. The combined user bases could push the total ahead of MSN, the Microsoft MSFT portal, and perhaps Yahoo! YHOO. Continue reading the article.