AOL Buys Huffington Post for $315 Million

Click to view AOL just bought news site Huffington Post for $315 million—$300 million in cash. HuffPo founder Arianna Huffington will become editor of all AOL "content properties." That sound you just heard was the whole internet going "Whaaaaat?"

Huffington and AOL CEO Tim Armstrong, who are both in Dallas for the Superbowl (again, whaaat) sat down with All Thing D's Kara Swisher in the above video. Huffington and Armstrong's "motto" is "One plus one equals 11." Which, ha, she better hope that's true if her writers are going to make AOL's insane pageview targets.

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