AOL acquires the TechCrunch network for $30 million

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Well only few names hit our mind when we think about Tech blogs, one of them being TechCrunch for sure. Earlier today, AOL successfully managed to acquire TechCrunch for a mouth-watering sum of $30 million. TechCrunch was founded by Michael Arrington in 2005. Now they have expanded their network to around 4-5 sites each based on different niche’s.

The sum of $30 million is not just for TechCrunch alone, but for the whole TechCrunch network (i.e. TechCrunch Inc.) which consists of CrunchBase, MobileCrunch, CrunchGear, TechCrunchIT, GreenTech, & TechCrunchTV.

aol_acquires_techcrunch

Also, the important thing for TechCrunch is that they retain their editorial powers. This deal was made soon after AOL acquired 5min media with a view to work on it’s missing link i.e. a Video Syndication system. It’s still a long road to cover for AOL in the video syndication field. But after this acquisition they’re certainly going to boost their authority in the technology world.

Hope it’s a deal which remains prosperous & we continue to read the same quality that TechCrunch has always offered in these years. Also, Tim Armstrong the CEO & Chairman of AOL.Inc has  himself written an article on TechCrunch regarding this acquisition.

Do you think TechCrunch’s popularity/Quality would be affected by this acquisition ??

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  1. #

    Hey, it is good news, really. Thanks for the share bro.Keep up the great work.

  2. #

    Good to know this but do you think it can ever happen to Indian blogs too.

  3. #

    May be yes. AOL is a big company but they haven’t proved their worth to the online community till now. May be this acquisition will do that for them.

  4. #

    This was seriously a shocking news (to me at least), but I guess that AOL will take TC to another level.

  5. #

    it’s was great deal… $30 million… thanks for the info…

  6. #

    AOL just got the voice of tech crunch , now they will say what AOL wants :(

  7. #

    $30 million is such a mouth-watering sum! I am sure the crunch network will work well under AOL.

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