AOL Acquires TechCrunch

In Uncategorized on September 28, 2010 at 9:16 pm

So today September 28,2010 AOL has officialy acquired TechCrunch and its network of various tech sites (including MobileCrunch, TechCrunchTV etc). Now this move came out of no were to me, I wouldn’t see AOL as needing to acquire a site such as TechCrunch since they already own tech giant Engadget. With this acquisition AOL will basically dominate the tech reporting on the web. The acquisition was formally announced in rather dramatic fashion earlier this afternoon at the TechCrunch Disrupt conference in San Francisco, where AOL CEO Tim Armstrong and TechCrunch Founder and Co-editor Michael Arrington took the stage to announce and sign the agreement, as well as answer a few questions from members of the audience (Armstrong actually published the news to TechCrunch from the stage too). Arrington, who founded the site in 2005 and still breaks many of its biggest stories, will remain a part of TechCrunch for at least three years as part of the deal, thanks in part to what he described on-stage as “incentives.”

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