Therumorshave proven true : AOL is snapping upMichael Arrington‘s TechCrunch family of internet site . The site will share a stable with AOL ’s other major tech attribute , Engadget , along with TUAW , swap , and DownloadSquad . term of the mint were n’t disclosed , butBusiness Insiderhas a author claiming the site went for $ 25 million .
AOL TO ACQUIRE TECHCRUNCH internet OF site
San Francisco , CA , September 28 , 2010 – AOL Inc. [ NYSE : AOL ] today announced that it has agreed to acquire TechCrunch , Inc. , the company that own and operate TechCrunch and its connection of websites dedicated to applied science news , information and depth psychology . TechCrunch and its associated properties and league will join the AOL Technology internet while retaining their editorial independence , further bolster AOL ’s view as one of the world ’s leading providers of high - tone , technical school - tailor content . The proclamation will be made on phase at TechCrunch Disrupt in San Francisco , CA .
launch by Michael Arrington , TechCrunch operates a global mesh of dedicated property from Europe to Japan , as well as vertically - tailor websites , including MobileCrunch , CrunchGear , TechCrunchIT , GreenTech , TechCrunchTV and CrunchBase . The TechMeme Leaderboard ranks TechCrunch as the No . 1 beginning of breaking technical school news online , postdate by AOL ’s Engadget . *
“ Michael and his workfellow have made the TechCrunch electronic internet a byword for breaking tech news and insight into the innovational human beings of starting signal - ups , and their reputation for top - class journalism precisely match AOL ’s commitment to delivering the expert content vital to this audience , ” enjoin Tim Armstrong , Chairman and Chief Executive Officer of AOL . “ TechCrunch and its team will be an spectacular addition to the mellow - caliber depicted object on the AOL Technology web , which is now a must - purchase for advertiser essay to associate their brands with head engineering content and its consultation . ”
Heather Harde , Chief Executive Officer of TechCrunch , said : “ TechCrunch and AOL apportion a motivate love for quality technology news and information , and we ’re charmed about becoming part of the AOL mob . This represents a compelling chance to extend the TechCrunch brand while complementing the cracking work of sites like Engadget and interchange . Our contributors , and our audience , can look to the futurity with upheaval about what we can build up when we have the important resources of AOL behind us . ”
TechCrunch also host manufacture - leading conferences and case , including The Disrupt series , The Crunchies Awards and various sports meeting - ups worldwide . These conferences bring together industry pioneer , entrepreneurs and financing seed to convert ideas , smithy Modern human relationship and talk about the current and future industry trends .
“ Engagement with thought leaders is as important to AOL as our engagement with our contributors , audiences , publishing house and advertisers , and TechCrunch ’s conference and websites will give us a promising , extra springboard to fall in and amplify these conversation . We ’re committed to quality in everything we do at AOL , and look frontwards to put to work with Heather , Michael and the TechCrunch team to extend the brand , ” said David Eun , President of AOL Media and Studios .
The AOL Technology internet consists of AOL ’s technical school - oriented properties including Engadget , the Web powder magazine about everything new in gadgets and consumer electronics ; Switched , which covers the intersection of the digital earth with amusement , sport , prowess , fashion and lifestyle ; TUAW , the unofficial Apple weblog ; and DownloadSquad , the weblog about downloadable software and other information processing system subject . The AOL Technology web range in the top five for tech news accord to comScore Media Metrix , August 2010 data , and lead the top five in average time expend and average visit per user .
This acquisition will further AOL ’s scheme to become the world loss leader in sourcing , creating , producing and delivering high - quality , trusted , original content to consumer . TechCrunch will remain headquartered in San Francisco , CA , as a wholly have AOL unit . Deal term were not divulge .
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