HuffPo Sold to AOL

The Price? 315 Million bucks.

From WSJ here:

AOL Inc. disclosed early Monday morning plans to acquire online news website Huffington Post for $315 million, as part of the Internet company’s attempt to turn its business around with a strategy of becoming a top producer of news, entertainment and other digital content.

Huffington Post, a news and analysis website founded in 2005, reached 25 million unique visitors in December, according to comScore. AOL says that a combination of the two sites will reach a total of 117 million unique U.S. visitors.

Huffington Post co-founder Arianna Huffington will run a new group within AOL responsible for integrating content between the two companies in the news, tech, women and other sectors. This includes AOL’s technology blogs TechCrunch and Engadget as well as its music and Patch local media sites.

Jason Mustian says the deal is worth

5 Billion Free Minutes of AOL, could potentially be met with antitrust opposition, once regulators confirm that AOL is still an actual company.

Does this mean that I will start getting CDs of the Huffington Post snail mailed to my home?