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Acquisition of the Huffington Post, AOL Shadowed Termination

AOL’s decision to acquire the popular news website The Huffington Post will lead to the dismissal of many employees that the Internet company. AOL’s chief executive said in a statement, Tim Armstrong.
 
Speaking before the conference paidContent 2011, Armstrong did not say exactly how many employees will lose their jobs, following the purchase of the Huffington Post worth USD315 million, in February.
 
“My guess, there will be layoffs. We can not avoid it. But we must do so with caution and consideration,” said Armstrong as reported by TerraNet, Saturday (04/05/2011).
 
Huffington Post is the latest big company bought by AOL under the leadership of Armstrong, who migrated from Google two years ago. September 2010, AOL bought the home leading technology blog TechCrunch Silicon Valley.
 
Other properties owned by AOL, including Engadget, Patches, Moviefone, MapQuest, Black Voices, PopEater, AOL Music, AOL Latino, and StyleList autoblog.

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