The FINANCIAL — AOL Inc. (NYSE: AOL) announced on March 7 that it has closed its acquisition of The Huffington Post, the influential and rapidly growing news and opinion site with over 27 million unique monthly US visitors.
AOL will integrate The Huffington Post with all AOL Media and AOL Local properties to create the Huffington Post Media Group, a leading source of news, opinion, entertainment, community, and digital information. Arianna Huffington will lead the overall editorial direction of the new group as President and Editor-in-Chief.
Through this acquisition, AOL is accelerating its strategy to deliver a scaled and differentiated array of premium news, analysis, and entertainment produced by thousands of writers, editors, reporters, and videographers around the globe. The combined entity will have a user base of 117 million unique visitors a month in the United States and 253 million around the world.
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