Early this morning AOL announced its acquisition of the Huffington Post.
AOL is Patch's parent company and Patch is a local news outlet on the Internet.
According to Tim Armstrong, AOL's CEO, "the combination of the two companies will create a scaled connection between global and local communities on one platform."
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"This will create a new way for people to get local and global information in a timely and entertaining way," Armstrong added in a note to employees.
Huffington is now the editor-in-chief and president of the Huffington Post Media Group, which overseas AOL's news outlets, including Patch.
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AOL and the Huffington Post will be working out the exact meaning of this new partnership in the next few weeks and months.
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