AOL Acquires The Huffington Post

In a blockbuster move aimed at reinventing the company, AOL has acquired The Huffington Post for $315 million.
 
As part of the stunning agreement, Huffington Post co-founder and editor-in-chief Arianna Huffington will assume control over AOL’s editorial operations. The companies plan to integrate Huffington Post and AOL content going forward, said officials.
 
The deal presents a fascinating scenario, placing one of the hottest, most innovative companies to arrive on the Web in the past few years in the hands of one of the most troubled.