AOL/HuffPo Deal A Victory for Angel Investor Lerer
AOL's purchase of the Huffington Post is a good deal for co-founder Arianna Huffington and angel investor Ken Lerer, who took a gamble on the Web start-up six years ago.
Udayan Gupta
February 7, 2011
Tim Armstrong, chief executive officer of AOL Inc., left, and Arianna Huffington, co-founder of the Huffington Post, stand for a photograph at AOL's headquarters in New York, U.S., on Monday, Feb. 7, 2011. AOL Inc. agreed to buy the Huffington Post for $315 million as the internet company spun off from Time Warner Inc. increases its investments in online content to help revive growth in advertising revenue. Photographer: Jin Lee/Bloomberg *** Local Caption *** Tim Armstrong; Arianna Huffington
Jin Lee/Bloomberg
