AOL said Sunday night that it will acquire The Huffington Post for $315 million, which will place Arianna Huffington at the helm of all of AOL's media properties as editor in chief.
Boards of both companies have approved the transaction, AOL said in a press release. About $300 million will be paid by AOL in cash.
With the move, Huffington will oversee all of AOL's editorial content, including Engadget, TechCrunch, MapQuest, and other properties.
Although The Huffington Post is private, the site records 25 million unique visitors per month, generating an undisclosed number of pageviews. The site also generates 4 million comments per month, according to AOL. Combined, the AOL properties will deliver 270 million visitors per month around the world, with 117 million in the U.S., AOL claimed.
Anytime over the past year-and-a-half or so, whenever someone asked me what I thought about the CrunchPad, my answer was pretty much always the same: you’ll never get your hands on one. Call me a cynic, but I just found it difficult to believe that Mike Arrington would be able to pull off what no other major consumer electronics manufacturer has been unable to do as of yet. Today, Mike announced that the CrunchPad is dead. No more. Kaput. I’m not surprised.
Let me make myself clear, though. My thoughts had nothing to do with the capabilities of Arrington, FusionGarage, or anyone else involved in the project. I simply felt that there would be an outside influence that would knock the project off-track. Conspiracy theory or not, if a major manufacturer that had a lot of pull in the area where these devices are manufactured (like China) truly wanted to play hardball to make sure a small start-up couldn’t release a device like the CrunchPad because they were going to be releasing something similar, at a much higher price, I bet they could pull that off.
Not to say that this is what happened, I’m just thinking aloud. However, when you read Mike’s post on the matter, you quickly realize that something went on, and it was something strange and sudden. Either way, the CrunchPad is dead. No worries, though, 2010 will be the year that the tablet hits the mainstream.
Read More | TechCrunch
The CrunchPad, a mobile web tablet that is completely optimized for web usage, seems to be on the verge of coming to fruition. Bits reports that, according to Mike Arrington, we should expect an official announcement sometime this month, or next month, and that the CrunchPad will be available “as soon as possible.” As it turns out, Mike Arrington, the man behind TechCrunch, has been spending about two-thirds of him time working on the CrunchPad over the last six months alongside a 15-person team from Fusion Garage.
The CrunchPad is an Intel Atom-powered touchscreen tablet, aimed at letting you use the Internet comfortably from it’s 12-inch screen. There is no keyboard (although, you can plug one in) and no mouse. In the simplest terms, you can think of it as a large, 12-inch iPhone that only runs Safari. Except the CrunchPad also supports Flash. The best part, though, is that this device will cost under $300. A 12-inch WebKit-based tablet device, for under $300? Sign me up.
Read More | Bits