If you still remember,  AOL acquired the technology blog network TechCrunch in the previous and now for the second time, it has made a major move to buy the Huffington Post.

AOL CEO Tim Armstrong, a former Google Inc. executive announced the deal,

“will create a next-generation American media company with global reach that combines content, community, and social experiences for consumers”.

The agreed price reported is $315 million ($300 million in cash), Arianna Huffington has made her own announcement about Huffington Post itself where she give the details on how the acquisition took place and makeover of the AOL’s websites to help boost online ad sales.

“When Kenny Lerer and I co-founded The Huffington Post in May 2005, we had high hopes. But even we would have been hard put to predict that less than six years later we would be able to announce a deal that now makes it possible for us to execute our vision at light speed. AOL is an online pioneer that engenders great trust among its 250 million global users. HuffPost is on the cutting edge of creating news that is social and brings with it a distinctive voice and a highly engaged audience. In this case, 1 + 1 = 11. Far from changing our editorial approach, our culture, or our mission, this moment will be, for HuffPost, like stepping off a fast-moving train and onto a supersonic jet. We’re still traveling toward the same destination, with the same people at the wheel, and with the same goals, but we’re now going to get there much, much faster.”

Huffington Post founded in 2005 owned by Arianna Huffington, Kenneth Lerer and a group of investors which their site attracts 25 million monthly visitors.

What do you think AOL will acquire next? Is the next dominant media player? Well, let us just see in the next year maybe.

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