Fast forward two years and we see something similar to the 2000 merger/acquisition/BYOB to the party happening all over again with AOL and The Huffington Post (HuffPo). In a reported $315 Million acquisition of HuffPo it seems AOL hopes to gain some footing, and momentum, with the online media segments. HuffPo launched in 2005 by Arianna Huffington (and Co.) has seen tremendous growth and gained major traction in many different facets of the media.
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Well, let’s hope that AOL dumping %40 of their cash on hand to bring along HuffPo is going to be worth it, for both companies. If not we may see that 9 years from now AOL and HuffPo will be getting a divorce and we will have to wonder who will leave with the better half–thanks Mr. Jerry Reed.
02.07.2011