NEW YORK, (NY) - Founded in 2005, Huffington Post now claims 25 million unique visitors a day.
It is owned by Ariana Huffington, Kenneth Lerer and a group of other investors.
AOL will pay $300 million of the purchase price in cash.
Ariana Huffington will be named president and editor-in-chief of the Huffington Post Media Group, which will include all Huffington Post and AOL content, including Engadget, Techchunch, Mapquest, Patch and more.
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