AOL CEO Tim Armstrong on Tuesday responded to reports that the future of his company's content brands—including the Huffington Post—are in limbo following its announced merger with Verizon, saying they were always part of the deal.
AOL's advertising unit has outpaced revenue growth among its content brands, fueling speculation that the company's ad technology platform was at the heart of Verizon's bid.
"I think the ad tech platform is a big piece of it, but as we've gone through the conversation with them, they've realized how important content is," Armstrong told CNBC's "Squawk Box." "There were a lot of stories saying whether or not Verizon was going to keep the content part of AOL, but that's always been part of this transaction and something that I think they're excited about."
Last month, Re/Code reported that AOL had held discussions with various parties to spin off the Huffington Post while negotiating with Verizon. The talks were most serious with German media conglomerate Axel Springer, and a number of private equity firms expressed interest in AOL's flagship website, sources told Re/Code.
Armstrong called the Huffington Post a "very important asset," noting that it has grown its audience to about 200 million users from 20 million to 30 million four years ago when AOL purchased it. He said the Huffington Post will receive more investment as part of the combined company, adding that founder Ariana Huffington was involved in merger discussions.
"Ariana has a relationship with us and with the company, which i think will be ongoing for a long period of time," he said.
AOL's other content brands include Tech Crunch, Engadget, Moviefone and MapQuest.
"I think Verizon's getting a full suite. I mean, we were the lowest value, largest Internet company really in the world, and I think it's a great deal for Verizon to do both content and advertising," Armstrong said.