AOL has agreed to acquire The Huffington Post website for $315 million. The left-leaning website was launched in 2005 by a group led by Arianna Huffington and currently boasts a readership of 25 million unique monthly visitors. “This is truly a merger of visions and a perfect fit for us,” said Huffington, in the statement. “The Huffington Post will continue on the same path we have been on for the last six years – though now at light speed — by combining with AOL.”
Huffington will be president and editor-in-chief of AOL’s new Huffington Post Media Group, which will include content from Engadget, TechCrunch, Moviefone, MapQuest, and other sites.
The Greek-born, Cambridge-educated author, journalist, politician and businesswoman set up the Huffington Post in 2005 with Kenneth Lerer, two years after a failed bid to be elected governor of California.
Huffington, 60, was born in Athens before moving to England aged 16. While at Cambridge University, she became president of the Cambridge Union debating society before graduating with an MA in economics in 1972. Her first book – The Female Woman, was published in 1973 and she has written 12 more, on a range of issues from self-help and the power of Greek mythology to political satire and biographies.
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