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March 8, 2011

"Let's Make a Steal!"

AOL closes Huffington Post deal; its stock hits all-time low

Shares of AOL fell about 4%, or 79 cents, to $19.26 -- its lowest closing price so far. That was down about one-third from the one-year high it reached in April, Business Insider noted. The decline in stock price may show a lack of investor confidence in Chief Executive Tim Armstrong's attempt to turn AOL around. Much of that plan is pinned on the combined vision of Armstong and Arianna Huffington, who is becoming president and editor in chief of a new Huffington Post Media Group inside AOL.

Posted by Vanderleun at March 8, 2011 9:27 AM. This is an entry on the sideblog of American Digest: Check it out.

Your Say

They could rename it to "EdselNewCokepost"

Posted by: Don Rodrigo at March 8, 2011 12:27 PM

Smart money is out of the stock.

Posted by: Peccable at March 9, 2011 4:30 AM

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