TechCrunch Joins Engadget and is Purchased by AOL
TechCrunch said Tuesday it has agreed to be acquired by AOL, a deal that came together quickly after rumors of the negotiations leaked. TechCrunch and its associated properties and conferences will join the AOL Technology Network. Founded by Michael Arrington, TechCrunch operates a global network of dedicated properties from Europe to Japan, as well as vertically-oriented websites, including MobileCrunch, CrunchGear, TechCrunchIT, GreenTech, TechCrunchTV and CrunchBase. This now means that AOL now owns Engadget and TechCrunch! Deal terms were not disclosed.
Michael and his colleagues have made the TechCrunch network a byword for breaking tech news and insight into the innovative world of start-ups, and their reputation for top-class journalism precisely matches AOLs commitment to delivering the expert content critical to this audience, said Tim Armstrong, Chairman and Chief Executive Officer of AOL. TechCrunch and its team will be an outstanding addition to the high-quality content on the AOL Technology Network, which is now a must-buy for advertisers seeking to associate their brands with leading technology content and its audience.
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