So I think TechCrunch might have acquired the Huffington Post for $315 million or something. I’m not too sure, I try to stay out of this news stuff. Thankfully there’s this helpful and poetic Next Media Animation that tries to explain things. From Aol head Tim Armstrong (tarmstrong@aol.com) bidding for HuffPo on eBay to Arianna Huffington pulling a “Wizard of Oz” on rivals Hot Air, Gawker and Drudge Report, to the portral of Bebo as a literal monkey on Aol’s back … I think it pretty much sums the whole situation up.
My favorite part, Aol’s goals for 2011: “Make it 1997 again through science or magic.”
AOL is a global advertising-supported Web company, with display advertising network in the U.S., a substantial worldwide audience, and a suite of popular Web brands and products. The company’s strategy focuses on increasing the scale and sophistication of its advertising platform and growing the size and engagement of its global online audience through leading products and programming. On March 13, 2008, AOL Internet division announced their plans to buy social network Bebo for $850 million in cash. History of Aol: AOL was...
The Huffington Post is a leading online news source founded by Arianna Huffington, Ken Lerer, and Jonah Peretti. Contributors include more than 3,000 bloggers—from politicians and celebrities to academics and policy experts—who contribute in real-time on a wide-range of topics. The site started as a politics blog, but now covers more than 20 categories, including media, business, entertainment, living, style, sustainable “green†living, world news, technology, nonprofits, college life, and comedy. It began launching local versions...
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