AOL unloads 40% of its cash on Huffington Post buy

Posted by scommab on Monday February 07, 2011 @03:44PM
from the money.cnn.com dept.

http://money.cnn.com/2011/02/07/technology/aol_huffington_post/

( 2 comments | 4 points | on HN )

Re:AOL unloads 40% of its cash on Huffington Post buy by Zpirate on Monday February 07, 2011 @03:54PM (#2190684)

Ariana pulled a Steve Case on 'em!

In related news, AOL down 3.2% in late trading.

Market says "bad move".

[ Parent | on HN ]

Re:AOL unloads 40% of its cash on Huffington Post buy by adelevie on Monday February 07, 2011 @04:08PM (#2190751)

Aol execs shouldn't worry about a 3% dip the day after a merger announcement. They've got really premium content (HuffPo, TC, Weblogs Inc.) and will likely represent one of the more profitable journalism companies over the next decade.

[ Parent | on HN ]