Awww. Gee whizzles. Didn't we at The Snooper Report say this would happen? Didn't we?
Only 6 months after spending a great of its remaining cash on the purchase of Huffington Post, AOL is up for sale according to many insiders in the know. Sources in the industry claim that AOL has met privately with the mega-law firm Watchell, Lipton, Rosen & Katz and investment bank Allen & Company about putting the former ISP up for sale to the highest bidder.
While AOL is generating significant revenue of at least $1 Billion for the first 6 months of 2011, they are still losing a great deal of money and the purchase of HuffPost hasn’t helped their woes.
The Snooper Report.
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