AOL splashes out $315m on Huffington Post
By Daniel Farey-Jones, brandrepublic.com, Monday, 07 February 2011 07:45AM
AOL has agreed to acquire The Huffington Post, which has in the region of 25 million monthly users, for $315m (£195m).
In a statement, Tim Armstrong, chairman and chief executive of AOL, said: "The acquisition of The Huffington Post will create a next-generation American media company with global reach that combines content, community, and social experiences for consumers.
"Together, our companies will embrace the digital future and become a digital destination that delivers unmatched experiences for both consumers and advertisers."
This article was first published on brandrepublic.com
- Senior Digital Designer Twist Recruitment £35000 - £42000 per annum + benefits, City of London
- Strategic Planning Director - Multinational Advertising Agency - Dubai HR Source Very attractive TAX FREE salary, Dubai
- Marketing Manager Barclay Meade negotiable, Sandringham
- Direct Marketing Manager Prostate Cancer UK £39,362 per annum, London Bridge
- Graphic Designer Major Players £20000 - £40000 per annum, Thames Ditton
- Group M wins Vodafone's £600m media account
- Google becomes major UK advertiser after boosting spend by 50% in 2013
- Campaign Viral Chart: Evian's Spider-Man tops chart in week of movie premiere
- Tait replaces Papworth as W&K's ECD
- M&S moves £60m media account to Mindshare
- MEC boss Courtier hails £600m Vodafone media win as 'life changing'