AOL to buy HuffPo for $315 million
No link yet — my NYT iPad app just shot a notice my way. But the question everyone should be asking is: Where did AOL come up with $315 million?
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Posted at 9:14 pm on February 6th, 2011 by 
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Short AOL.
Great question, PJT! I was wondering that myself. I thought AOL was in dire straits financially. Amazing how Big Corporate can flush all their resources down the toilet and then magically pull several hundred million dollars out of thin air when needed. Something here stinks.
The good news is that if AOL runs HuffPo like they ran AOL, HuffPo will be in tatters by 2012.
It shows how dumb big companies are. They have a problem, so the answer is to throw money at it. HuffPo just turned its first profit since inception in 2005. …and it wasn’t much. $315 million- Talk about overpaying!
http://www.nytimes.com/2011/02/07/business/media/07aol.html?_r=1&emc=na
1. According to Huffington, buyout discussions started early this year. Since January 1, the NASDAQ and S&P500 are each up about 4%, and AOL is down 7%. Maybe somebody knew something.
2. Iirc there were conservative bloggers who snickered back when HuffPo got off to a rocky start. Who’s laughing now? Too bad she’s not on our side anymore.
“Where will AOL come up with $315 milion?”
George Soros? China? The Stimulus? (just think of all the jobs to be saved!)
This will cause me to drop my AOL account, for some dumb reason I’ve been with AOL since they started.
“The Tatler” what a stupid name.
Maybe they are getting the money from the $250 million they earn each year because they have subscribers who keep paying for services that are free. See http://www.wickedlocal.com/bridgewatereast/mysource/boomers/x549730334/Jim-Hillibish-Stop-paying-for-AOL-its-free
Stephen asks, “Where did AOL come up with $315 million?”
From Lonely Conservative
http://lonelyconservative.com/2010/10/feds-paid-out-a-billion-bucks-to-dead-people-over-last-decade/
1.Feds Paid Out A Billion Bucks to Dead People Over Last Decade
Which led to an epiphany (I know sounds painful) remember the scene in the Movie “Independence Day” where the president asks his CIA director where do you get the funding for this and the heroes father replies “you don’t really think they paid $50 for a hammer or $300 for a toilet seat” hmm. Ever wonder why when one reads reports about stimulus checks going to inmates or dead Social Security recipients and lately tax credit checks for “green cars”. I can’t recall hearing on TV or reading about the Govt getting any of that movie back, hmmm.