So much for all those inaccurate media reports that Arianna Huffington’s piece of the HuffPo-AOL deal was around $100 million. In fact, her share was less than 7% of the $315 million sales price. The Smoking Gun today posts a new court document stemming from an ongoing lawsuit. Marked ‘Confidential’ and ‘Attorney’s Eyes Only’ and dated February 2011, the memo prepared for AOL board members shows Arianna received about $21M. And $3.4M of that came in the form of stock options that would vest about 20 months after the deal closed and another $3M in stock options and restricted stock units. The document came to light because of a lawsuit by two consultants accusing Ariana and her business partner Kenneth Lerer of stealing the idea for HuffPo.
Arianna Made $21M From HuffPo-AOL Sale
What's Hot on Deadline
Hollywood Cowardice: George Clooney Explains Why Sony Stood Alone In North Korean Cyberterror Attack
Sony Responds To President Obama's Criticism: "We Had No Choice," Still Hope To Release 'The Interview'
Obama: Sony Made Mistake Pulling 'The Interview'; U.S. Will Respond Proportionally At Time And Place We Choose -- Update
More From Team
- HBO's 'The Normal Heart' To Receive PGA's Stanley Kramer Award
- Watch President Obama Discuss Sony Hack In Year-End Press Conference (Live Stream)
- Comedy Central Moves Up '@Midnight' For 2 Weeks Ahead Of Larry Wilmore Premiere
- MPAA Says North Korea Attack On Sony Is “Despicable, Criminal Act”
- Hulu Acquires 'Fargo' Miniseries In Deal With MGM
- Loretta Devine Joins Jerrod Carmichael Comedy Pilot; Hemky Madera In 'Queen Of The South'