CNN) -- AOL has agreed to purchase The Huffington Post for $315 million, the two entities announced in a joint news release Monday.
"As part of the transaction, Arianna Huffington, The Huffington Post's co-founder and editor-in-chief, will be named president and editor-in-chief of The Huffington Post Media Group, which will include all Huffington Post and AOL content," the statement said.
The new group will have a combined 117 million unique visitors a month in the United States and 270 million around the world, according to the release, which cited December 2010 data from the marketing research company comScore.
AOL agrees to purchase Huffington Post for $315 million - CNN.com
"As part of the transaction, Arianna Huffington, The Huffington Post's co-founder and editor-in-chief, will be named president and editor-in-chief of The Huffington Post Media Group, which will include all Huffington Post and AOL content," the statement said.
The new group will have a combined 117 million unique visitors a month in the United States and 270 million around the world, according to the release, which cited December 2010 data from the marketing research company comScore.
AOL agrees to purchase Huffington Post for $315 million - CNN.com