TechCrunch bought by AOL

TechCrunch has quickly grown to be one of the driving forces behind the huge and dynamic world of online technology news media. In its five years of life, founder Michael Arrington has grown his news site into a globally respected and relevant online publication, one of the places journalists trust for breaking news all the time. Apparently, AOL CEO Tim Armstrong has similar feelings about the company. In a speech at TechCrunch’s annual Disrupt conference, Armstrong announced that AOL would be purchasing the news outlet for an undisclosed price. While at least one source claims that the price was $25 million, rumor has it that it could be much more. In a post on TechCrunch today, Armstrong voiced his obvious pride and excitement in owning TechCrunch.

“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 AOL’s commitment to delivering the expert content critical to this audience. 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.”

TechCrunch is not the only major tech news site AOL has acquired. One of the biggest sites in this industry, Engadget, is also owned by AOL. The purchase of TechCrunch will definitely go a long way towards changing the face of AOL into that of a quality content creator and distributor. Other popular sites controlled by AOL include Switched, TUAW and DownloadSquad.

Arrington expressed similar excitement to be working alongside other great AOL-owned sites.

“Tim Armstrong and his team have an exciting vision for the future of AOL as a global leader in creating and delivering world-class content to consumers, be it through original content creation, partnerships or acquisitions. I look forward to working with everyone at AOL as we build on our reputation for independent tech journalism and continue to set the agenda for insight, reviews and collaborative discussion about the future of the technology industry.”

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34 Comments

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was its defo 25 million ? CNN had reported that it was 40 million, plus Arrington said that he would never sell for anything below 40 mill !!

If Techcrunch is worth $25 million, i wonder how much the owners of Neowin would wan`t to be AOLed?
Independent sites with no ties to a corporation will allways get my vote

Riggers said,
If Techcrunch is worth $25 million, i wonder how much the owners of Neowin would wan`t to be AOLed?
Independent sites with no ties to a corporation will allways get my vote

Neowin isn't independent it's owned by Stardock.

Epic0range said,

Neowin isn't independent it's owned by Stardock.

Totally forgot that (doh!), i suppose what i mean is it isn`t owned by a big corporation such as AOL, Yahoo, ABC, etc.

I wonder how much Arrington got for it, im looking forward to see what Jason Calacanis has to say about it I see they have been slagging each other of on Twitter again.

I hope they don't implement there "Buy a company, run it in to the ground and sell it for a fraction of purchase price strategy" the last few deployments didn't go well.

And now Engadget will be on TC's side on the Crunch Pad. Expect the comments about how it is the most wonderful device to (n)ever be made, and the JooJoo will now be dismissed as a wanna be. But what will they change their iPad love-fest?

nohone said,
And now Engadget will be on TC's side on the Crunch Pad. Expect the comments about how it is the most wonderful device to (n)ever be made, and the JooJoo will now be dismissed as a wanna be. But what will they change their iPad love-fest?

What are you talking about? Engadget has always loved the Crunch Pad, and the JooJoo IS the Crunch Pad. They had a falling out with the developer of it and apparently forgot to decide who actually owns the thing, so the developers just released it with a different name.

Who? Seriously how many big tech news site are there... All I count is neowin, gizmondo, endgadget etc... anything else is small fry....

Sylar2010 said,
Who? Seriously how many big tech news site are there... All I count is neowin, gizmondo, endgadget etc... anything else is small fry....

Arstechnica is bigger and has been around since 1999. Hardocp is bigger and has been around since 1999. Anandtech, tomshardware, techreport. All bigger and been around longer than neowin

corrosive23 said,

Arstechnica is bigger and has been around since 1999. Hardocp is bigger and has been around since 1999. Anandtech, tomshardware, techreport. All bigger and been around longer than neowin

wired bought ars

Faisal Islam said,
ohh...but their Search Box is still powered sorry ENHANCED by Google
And? I doubt they will make their own search engine. They could, but I sincerely doubt it.

Not sure how I feel about that... it was good for Engadget but TechCrunch... it's different...

aww I guess I will have forgotten about it by tomorrow anyways...

ccoltmanm said,
How does AOL get its income anymore? Ads on the tech sites? Interesting article, didn't know AOL owned that much.

Dunno actually. AOL used to be owned by Time Warner, but not anymore so.

ccoltmanm said,
How does AOL get its income anymore? Ads on the tech sites? Interesting article, didn't know AOL owned that much.

They also own whole engaged network,