The last time AOL made big news is when its CEO, Steve Case, managed to use its pretend Internet money to buy a real company, Time-Warner, and pull a fast one on basically the world.
Now Huffington Post has learned that game,
managing to get a whopping $315 million out of AOL for its blog site. If you're wondering how that valuation happened, it doesn't matter, $300 million of it is in cash.
Congratulations, HuffPo. We're going to be on the phone with
Prodigy in the next few minutes and see if we can get a little something also.