Tuesday, February 8, 2011
The Huffington Post Sold to AOL for $315MM
$315MM total, with $300MM in cash to Arianna and her investors (I'm not sure how many there are). Nice number. The Huff Post gets about 20 million visitors a month, and is full of both actual news and crazy conspiracy theories put forth by other bloggers.
Here is my proposal; we need to get my beloved Stinkbug, which is at least the tenth most important thing I do every day, into the same strata. If we can, I promise to share the wealth with you, my loyal readers.** Here is my idea; send this post to 1000 of your closest friends. Tell them to do the same. We will be in Huff Post territory in no time. I have a friend that likes to say, "we'll be wiping our asses with $100's because we are out of $20's." And so we shall.
To OUR Success,
** Unlikely. You will most certainly get a piece of a convertible debt instrument that pays no interest and will most likely never convert into equity. I will keep the cash, because I have both needs and a wealth of poop and vomit stories. Sorry.