AOL Buys TechCrunch

This is kind of inside baseball, but it’s a big deal in the tech blogging world: TechCrunch has just been acquired by AOL.

Financial details of the deal are unknown, but the acquisition specifies that “TechCrunch and its associated properties and conferences will join the AOL Technology Network while retaining their editorial independence.”

TechCrunch founder Mike Arrington said that he’ll stay on for at least three years, and AOL CEO Tim Armstrong said that his company will be leveraging TechCrunch content to bolster its technology coverage.

Peter and I worked at CrunchGear together (which is one of the TechCrunch sites) for a few years each before joining Techland. On behalf of him, congrats to everyone involved and best of luck in the future.

Related Topics: aol, breaking, techcrunch, web, Business, News
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  • thebonafortuna

    Very interesting. AOL is making some clever purchases, assuming they’re trying to remake themselves for the 21st century. I wonder what they paid?

    The editorial independence piece is obviously good news for followers of the site(s). Curious about the “three years” Arrington has offered(?) to stay on.

  • thebonafortuna

    WOW, I forgot AOL also owns Engadget. That’s…messed up. The whole appeal of sites like TechCrunch was their independence from corporate ownership and everything associated with it. What’s next, is CBS going to buy AOL?

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