AOL Looking to Spin Off HuffPost

Big changes ahead.

While Verizon is busy hammering out the deal to buy AOL, AOL has been doing its own wheeling and dealing. Recode reports that AOL has been discussing spinning off The Huffington Post, with German media company Axel Springer the most interested.

If a deal is made, it will likely be a joint venture. If HuffPost is sold outright, it could fetch more than $1 billion.

AOL’s CEO Tim Armstrong did nothing to quiet the rumor of a spin off. In fact, it seems every AOL site is up for grabs.

“We’ve spoken to partners about content and scaling,” Armstrong told Recode. “Obviously, we’ve seen a lot of interest in the content brands we have. So over the course of the summer, stay tuned.”