So I think TechCrunch might have acquired the Huffington Post fro $315 million or something. I'm not too sure, I try to stay out of this news stuff. Thankfully there's this helpful Next Media Animation that tries to explain things; From Tim Armstrong (tarmstrong@aol.com) bidding on HuffPo on eBay to Huffington pulling a Wizard of Oz on rivals Hot Air, Gawker and Drudge Report, to the portral of Bebo as a literal monkey on Aol's back, I think it pretty much sums it up. My favorite part, Aol's goals for 2011: "Make it 1997 again through science or magic." 
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