Newsbrokelate on Sunday that American news website and blogThe Huffington Postwould be acquired byAOL. The news has now beenconfirmedand the agreed price is a reported $315 million ($300 million in cash), expected to close in the late first, or early second quarter 2011. As part of the deal, Huffington Post Co-founderArianna Huffingtonwill become president and editor-in-chief of the Huffington Post Media Group within AOL. Interestingly, the position will see Arianna Huffington in charge of all of AOL content and other content properties, including gadget blog Engadget and recent AOL acquisition TechCrunch....

Bloomberg isreportingthat Aol and Yahoo are in early merger talks just three days after former Yahoo CEO Carol Bartz was fired, and replaced with CFO Tim Morse. As recently as last year Aol CEO Tim Armstrong had approached former Yahoo CEO Carol Bartz about a merger of the two companies. But as Bloomberg is reporting, Armstrong was rejected. Carol Bartz was fired from Yahoo on Tuesday,as we’ve previously reported, opening the door for Aol to make a second pass....

It’s a three story glass and steel building, similar to a dozen others that line Page Mill Road in the heart of Silicon Valley. It could be HP, which is next door or any one of the established offices of world spanning tech companies that make their home here. When you walk in the doors however, you’re not greeted by a sterile corporate space or a wood paneled entry. Instead, you’re greeted by a space that feels open and modern and somehow a bit informal....

AOL, which is trying toresurrect itselfas a startup in the US, has apparently shut down AOL.in, the India-focussed portal of AOL.com. The web portal now redirects to one of AOL’s mobile properties,aol.coolage.in. Earlier in the year, AOL had alsolaid off400 employees in its Indian unit and transferred 300 employees to their partners like Mindtree and HP, retaining only its mobile team. In aleaked memo, Tim Armstrong, AOL’s CEO had stated its Indian unit will now refocus on Asia and India related consumer products....

Take one washed-up tech company, add a dash of what everybody else is already doing. Mix well and serve warm, because the response that you’re likely to get is chilling. What you’d be looking at is AOL’slatest attemptto prove that it is a savvy company. It’s calledEditions, and it would have likely held a lot more potential in other hands. First off, there’s the video. It’s 7 minutes of your life that you can’t have back once it’s gone, so you can skip it and read our summary afterwards if you wish....