Greek woman on top: Arianna Huffington sells the Huffington Post to AOL
And as of last night, she’s also $315 million richer, having sold the Huffington Post to AOL.
AOL? That’s right, good old America Online.
The great part of this transaction is not only the timing and the amount involved but also the fact that Arianna Stassinopoulos – Huffington was also made chief of all AOL content, which includes Engadget, TechCrunch, Moviefone, MapQuest, Black Voices, PopEater, AOL Music, AOL Latino, AutoBlog, Patch, StyleList, and more.
Holy huffing sh*t!
“The acquisition of The Huffington Post will create a next-generation American media company with global reach that combines content, community, and social experiences for consumers,” said Tim Armstrong, Chairman and CEO of AOL.
“Together, our companies will embrace the digital future and become a digital destination that delivers unmatched experiences for both consumers and advertisers.”
All this, while the majority of America was hypnotically watching GoDaddy’s commercial with Joan Rivers and the Super Bowl. Monday is going to be a big day at Wall Street!