AOL Acquires The Huffington Post for $315 Million

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.