Statement : ( CNN ) -- AOL has agreed to purchase The Huffington Post for $ 315 million , the two entities announced in a joint news release Monday . Huffington will be named president of AOL . The new group will include AOL and The Huffington Post Media Group content . The group is expected to have a combined 117 million unique visitors worldwide .
Statement : Huffington will be named president of AOL . The new group will include AOL and The Huffington Post Media Group content . The group is expected to have a combined 117 million unique visitors worldwide .