кредитный займ на карту
Home » Business, Company, International, U.S.

AOL May Spin Off Huffington Post As Part Of Verizon Acquisition Deal

Written by on May 12, 2015

AOL is seeking to divest its Huffington Post division and has been in negotiation with various parties.

AOL acquired HuffPost for $300 million but now the media company founded by Ms. Ariana Huffington is valued at over $1 billion.

The rise in HuffPost’s valuation makes sense as it has spread its wings to various countries in Europe and even into India where it tied up with the Times of India Group, which prints India’s largest English-language daily and has many other media properties including various online businesses and news TV channels.

AOL clearly wanted to sell off HuffPost to earn some cash to power its other ventures in technology such as mobile advertising and programmatic advertising. However, with Verizon acquiring AOL now, Verizon may pump in the money required and both Ms. Huffington and Mr. Tim Armstrong, the CEO of AOL may now work for Verizon.

Kara Swisher of Re/Code has more on the HuffPost spin off maneuvering.