As part of Verizon acquisition deal AOL has been in talks to spin off HuffPost

As part of Verizon acquisition deal AOL has been in talks to spin off HuffPost
Credit: Asa Mathat

According to numerous sources, while it has been negotiating its deal to sell to Verizon, AOL has also been in advanced discussions with a number of parties to spin off its flagship Huffington Post content unit.

The talks have been most serious with Axel Springer, the German media conglomerate, but a number of private equity firms have also expressed interest in the high-profile property. Sources said the Huffington Post has been valued at above $1 billion in this scenario, which would either be a complete sale or, more likely, structured as a joint venture.

The move would be designed to bring in more investment for growth for the Huffington Post, which AOL bought several years ago for $300 million. High content costs and the ability to monetize those assets, as well as grow them — AOL also owns TechCrunch and a number of other content properties — has been hard for the company. And competitors like BuzzFeed and Business Insider have garnered massive fundings to spur expansion.

Continue reading →

 


Commenting Policy

We have no tolerance for comments containing violence, racism, vulgarity, profanity, all caps, or discourteous behavior. Thank you for partnering with us to maintain a courteous and useful public environment where we can engage in reasonable discourse.

You may use HTML in your comments. Feel free to review the full list of allowed HTML here.