Academic

SO AOL VALUES THE HUFFINGTON POST AT $315 MILLION, but apparently the market values it at zero: AOL?

By Glenn Reynolds

SO AOL VALUES THE HUFFINGTON POST AT $315 MILLION, but apparently the market values it at zero: AOL stock sheds $315M — HuffPo price tag. “Since Feb. 1, the price of AOL shares has dropped from $23.85 to $20.89 at yesterday’s close. With 106.7 million shares outstanding, that means AOL has shed $315 million in value over the last five trading days — which happens to be exactly the same price AOL agreed to pay to acquire HuffPo.”

Full post as published by Instapundit.com on February 09, 2011 (boomark / email).