AOL made a major addition to its ever-growing blog empire this week, with the addition of popular political/pop culture site, The Huffington Post, the company’s biggest buyout since it split from Time Warner, back in 2009. According to a report from The New York Times, the deal is valued at $315 million–$300 million of which is in cash (stock will make up the difference).
The deal marks a big promotion for the site’s founder, Arianna Huffington, who is now in charge of the newly-minted Huffington Post Media Group, putting her in charge of editorial content for AOL, as well as AOL companies like Moviefone and MapQuest.
Huffington insisted that her own partisan political stance won’t affect the way she run the business. She also insists that the deal is a perfect fit, telling the press, “we were practically finishing each other’s sentences. It was really amazing how aligned our visions were.”
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