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AOL buys Huffington Post for USD 315 M

US internet firm AOL has agreed to a buyout of the Huffington Post online newspaper. The USD 315 M deal will create an internet media group with 270 million users, including 117 million in the US, according to BBC. The purchase price – USD 300 Mof which will be in cash – will be paid to co-founders Arianna Huffington and Kenneth Lerer and a few minority shareholders. Huffington – currently editor of her namesake news service – will head the combined firm’s content division.

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