Steve Case Hits Twitter to Question AOL's Huffington Post Buy
After AOL announced its $315 million deal to acquire the Huffington Post, former AOL chief Steve Case took to Twitter to question the purchase.
AOL chairman and CEO "Tim Armstrong says 1 + 1 will equal 11. Really? That wasn't my experience," Case tweeted.
Case was at AOL when it was acquired by Time Warner in 2000 in a $164 billion deal that is widely seen as one of the biggest media blunders of the past decade.
Case resigned his executive position three years later but remained on the board of directors for another three years.
The Huffington Post acquisition, announced late Sunday, will see Arianna Huffington, the Huffington Post’s co-founder and editor-in-chief, will become president and editor-in-chief of the Huffington Post Media Group. The new entity will integrate all Huffington Post and AOL content, including Engadget, TechCrunch, Moviefone, MapQuest, Black Voices, PopEater, AOL Music, AOL Latino, AutoBlog, Patch, StyleList and more.