AOL Acquires Huffington Post For $350 million

What started with $1million investment in 2005 soon grew to a multi-million dollar business in just few years and one of the top visited sites in America. AOL is now trying to acquire all the popular media sites across various verticals and already owns Engadget, TechCrunch. Now they've bought The Huffington Post for cool $300 million in cash and rest in shares.

Arianna Huffington, the cable talk show pundit, author and doyenne of the political left, will take control of all of AOL's editorial content as president and editor in chief of a newly created Huffington Post Media Group

What's AOL really trying to do?