U.S. Internet company AOL Inc said it agreed to buy news website The Huffington Post for $315 million, creating a media group that will have a combined base of 117 million visitors a month in the United States. AOL said it will pay about $300 million in cash, funded from cash on hand. The company did not specify how it would pay the balance. Arianna Huffington, the co-founder of Huffington Post, will lead the newly formed The Huffington Post Media Group, AOL said.
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