Editor's Note: AOL Acquires the Huffington Post

As you may have read by now, AOL, Patch’s parent company, announced late Sunday night that it has acquired the Huffington Post. Arianna Huffington, co-founder and editor-in-chief of the Huffington Post, will head up The Huffington Post Media Group, which will integrate AOL and Huffington Post content.

More information on that acquisition is available here. And here’s what AOL’s CEO Tim Armstrong had to say about the move, in a statement:

“We are taking another major step in the comeback of AOL. Today we are announcing that we have agreed to acquire The Huffington Post, one of the most exciting, influential, and fastest growing properties on the Internet.  We believe in brands, quality journalism, and the positive role of communities in the world—The Huffington Post shares our values and the combination of the two companies will create the premier global and local media company on the Internet.”

The move is aimed to  "create a premier global/local syndication network at scale," the statement read.