AOL buys Huffington Post for $315 million

Struggling online media company AOL has announced it has entered into a definitive deal to acquire the news, analysis, politics, and lifestyle site The Huffington Post for some $315 million. AOL views the acquisition as a means to create a “premiere global, national, local, and hyper-local content group for the digital age” by combining The Huffington Post’s approach to news and community building with AOL’s broader infrastructure and content sharing deals.

aol buys huffington post for 315 million feb 2011

“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,”said AOL chair and CEO Tim Armstrong, in a statement. “Together, our companies will embrace the digital future and become a digital destination that delivers unmatched experiences for both consumers and advertisers.”

“This is truly a merger of visions and a perfect fit for us,” said Huffington. “The Huffington Post will continue on the same path we have been on for the last six years—though now at light speed—by combining with AOL. Our readers will still be able to come to the Huffington Post at the same URL, and find all the same content they’ve grown to love, plus a lot more.”

Under the deal, Arianna Huffington will remain on board as editor-in-chief of both AOL’s and The Huffington Post’s combined editorial properties—and that includes AOL properties like Engadget, TechCrunch, Moviefone, Black Voices, PopEater, AOL Latino, AutoBlog, Patch, and StyleList. AOL says the acquisition will push forward its strategy to engage a broad, sophisticated audience with content from thousands of writers, reporters, and others around the world.

Although AOL has made some high-profile acquisition in recent times—including acquiring sites like Engadget, buying then unloading social network Bebo, and more recently buying controversial technology blog TechCrunch, the $315 million acquisition of The Huffington Post represents the single largest buy since current AOL CEO Tim Armstrong came on board back in 2008.

AOL, once the dominant gateway to the Internet in the U.S. market, has fallen on hard times and struggled to convert itself into an ad-supported content company in the wake of its separation from Time-Warner in 2009. The Huffington Post acquisition could mark a bold move to put the struggling AOL back into the top tier of Internet companies—making it a prime destination for “smart content and community.” However,the move could also backfire if AOL is unable to manage the combined properties, content pools, and identities in a comprehensible manner…and AOL’s history of managing its acquisitions isn’t exactly stellar. The acquisition also comes just after leaked AOL documents appear to describe a company survival strategy based on being little more than a content-farm for search-optimized pieces.

The Huffington Post was founded in 2005 and currently boasts about 25 million unique monthly visitors—AOL says the combined enterprise will be able to reach some 117 million Americans and more than 270 million people around the world.

Huffington was a popular conservative political commentator in the 1990s for outlets like the National Review, but performed a now-famous about-face and became an outspoken proponent of liberal causes by the and of the 1990s. Huffington briefly ran for governor of California before co-founding the Huffington Post.

Computing

Here’s how to watch AMD reveal its new Ryzen chips at Computex

AMD will hold a pre-Computex keynote May 27 to announce its new line of 3rd-generation Ryzen processors and accompanying Radeon Navi graphics cards. Here's how to watch the keynote live wherever you are in the world.
Computing

Should you buy a MacBook Pro or a Razer Blade Stealth? We'll help you decide

Laptop head to heads are a great way to see which one might be the right one for you. Our latest sees the Razer Blade Stealth (2019) vs. MacBook Pro in a fight to see which one deserves to be your next laptop.
Computing

AMD's latest Navi graphics cards are incoming. Here's what to expect

AMD's Navi graphics cards could be available as soon as July 2019 — as long as it's not delayed by stock problems. Billed as a successor to Polaris, Navi promises to deliver better performance to consoles like Sony's PlayStation 5.
Computing

Ryzen 3000 chips will pack a punch, and could launch as early as July

AMD's upcoming Ryzen 3000 generation of CPUs could be the most powerful processors we've ever seen, with higher core counts, greater clock speeds, and competitive pricing. Here's what we know so far.
Mobile

Want to watch Netflix in bed or browse the web? We have a tablet for everyone

There’s so much choice when shopping for a new tablet that it can be hard to pick the right one. From iPads to Android, these are our picks for the best tablets you can buy right now whatever your budget.
Deals

The best Amazon Prime Day 2019 deals: Everything you need to know

Amazon Prime Day 2019 is still a few months off, but it's never too early to start preparing. We've been taking a look at the best discounts from previous Prime Days to give you our predictions of what to expect this year.
Emerging Tech

Awesome Tech You Can’t Buy Yet: Tricked-out e-scooters and bike lights that lock

Check out our roundup of the best new crowdfunding projects and product announcements that hit the web this week. You may not be able to buy this stuff yet, but it's fun to gawk!
Computing

Microsoft might finally embrace USB-C on next-gen Surface Pro 7

USB-C could finally come to Microsoft's Surface Pro tablet. According to a Microsoft patent filing, the port was shown in an illustration, suggesting that the company is working to support this feature in the future.
Computing

Here’s how to watch the Nvidia Computex 2019 press conference

Here’s everything you need to know about Nvidia’s upcoming press conference at Computex 2019 in Taipei, Taiwan; including what to expect during the press conference and how and when to watch it.
Deals

Best Memorial Day sales 2019: Amazon, Best Buy, and Walmart deals

If you're looking to save big on some shiny new stuff for Memorial Day 2019, we've gathered everything you need to know into one place. Find out where to save the most money before the summer hits its stride.
Computing

Intel’s Computex 2019 keynote: Here’s how to watch and what to expect

Intel is scheduled to give its Industry Opening Keynote at Computex on Tuesday, May 28, where it will likely fully unveil its first 10th generation chips and further outline its Project Athena initiative. Here's how to watch it.
Deals

Dell drops huge savings on XPS and Alienware gaming laptops for Memorial Day

We've seen a lot of different Memorial Day sales come down the pipeline this week, but some of the best so far have been from Dell. With big discounts on XPS and Alienware gaming laptops, now is a great time to pick up a new computer for…
Deals

Walmart Memorial Day sale: 4K TVs, Dell laptops, and Nintendo Switch deals

The Walmart Memorial Day sale is in full swing. With some pretty nice savings on Apple iPads, Samsung and Vizio 4K TVs, laptops, and Google Home devices, now is a great time to snag some electronics for cheap.
Computing

AMD’s long-awaited Ryzen 3 has arrived, and it includes a $499 12-core monster

AMD showed off how its 7nm-based Ryzen 3 processors with Zen 2 cores and its Navi-powered Radeon 5000 graphics edges out competing Intel or Nvidia solutions in performance. AMD's beastly Ryzen 3 processor tops out with 12 cores.