The Huffington Post Gets $25 Million in Funding

Recession? Not according to The Huffington Post! After months of speculation about the future of Arianna Huffington’s website post the election — would traffic drop off? would she sell it? — HuffPo has just announced it has secured $25 million in funding from the California based venture capital firm Oak (there was wind of this investment last week). According to the press release the money will be invested invest in the growth of the company and for “select and focused acquisitions

The company said it would invest in its technology and infrastructure, increase its in-house advertising capabilities, and continue to expand its content offerings — including a new investigative journalism initiative and a rollout of local versions of The Huffington Post in select cities.

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