"Huffington Post's merger with AOL US internet Firm

A US internet company AOL has agreed to a takeover of the Huffington Post online newspaper.

The $315m contract will generate an internet media group with 270 million users, counting 117 million in the US. The buying price $ 300m which would be cash paid to the co-organizers Arianna Huffington and Kenneth Lerer and some marginal depositors.

Ms Huffington - presently editor of her news service will head the collective company's content division. In this way she will get on responsibility for AOL sites like Engadget and Techcrunch, as well as keeping her present seat at the intellectual centre-left website she assisted the system in 2005.

Ms. Huffington said in a joint statement, Huffington Post will carry on the same track we have been on for the last six years while now at light pace by merging with AOL.

AOL anticipates the buy to assist improve its declining advertising incomes in a year that chief executive Tim Armstrong keeps will mark a rotate for the company that separated from Time Warner in 2009. The Huffington Post is expected to give an extra 25 million customers to the internet massive. "The amalgamation of AOL's communications and size with the Huffington Post's revolutionary approach to news and inventive community building amid wide and stylish viewers will mark a decisive moment in the growth of digital journalism and online commitment," said the two companies in a joint statement.

The business deal is projected to be accomplished in March or April and will need regulatory endorsement in the US.