AOL Sheds $315 Million

Here’s an interesting judgment from the market. AOL bought the Huffington Post for $315 million. Then AOL’s market value dropped by exactly…$315 million.

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.

Posted by Eddy Elfenbein on February 9th, 2011 at 10:08 pm

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