AOL buys Huffington Post

John Gruber said it perfectly:  They deserve each other.

Someone at the Huffington Post had the foresight to make it a 95% cash deal, though, so it's not like they have no idea what they're getting into.

By handing so much control over to Ms. Huffington and making her a public face of the company, AOL, which has been seen as apolitical, risks losing its nonpartisan image. Ms. Huffington said her politics would have no bearing on how she ran the new business.
A keen insight.  And the new math here is fascinating:
"This is a statement that the company is making investments, and in this case a bold investment, that fits right into our strategy," Mr. Armstrong said in an interview Sunday. "I think this is going to be a situation where 1 plus 1 equals 11."
Of course, every merger or acquisition is based on a derivation of this theory, so I'm not faulting their optimism. Its just that, well, AOL's last 1 + 1 = 11 transaction ended by subtracting about 10 and then dividing the remainder by 2. So don't be surprised if, five or so years from now, your read about HPMG spinning its AOL division off for the purpose of "managing the ongoing administrative overhead related to processing payments from our mostly geriatric user base who thinks they still need to pay for dial-up service to get onto the internet." Ironic, the source of that story. And the update came about a week ago...10 days after it was posted.