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Monday, February 07, 2011

i'm not a big fan of arianna

but this is interesting news

Betting on News, AOL Is Buying The Huffington Post
The two companies completed the sale Sunday evening and were expected to announce the deal Monday morning. AOL will pay $315 million, $300 million of it in cash and the rest in stock. It will be the company’s largest acquisition since it was separated from Time Warner in 2009.
The deal will allow AOL to greatly expand its news gathering and original content creation, areas that its chief executive, Tim Armstrong, views as vital to reversing a decade-long decline...........

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