Internet company AOL Inc. famous for it "you've got mail," and local patch news sites is buying online news hub Huffington Post in a $315 million deal that represents a bet on the future of online news.
Huffington Post grew quickly from startup to online giant. Over time, it launched city-specific pages and developed a roster of sections such as food and books. The work of its 70-person paid staff is augmented by content from news outlets and 6,000 bloggers who write for free.
In a blog post about the deal, Arianna Huffington praised AOL's vision. She wrote that the deal was signed at the Super Bowl in Dallas.