AOL acquires the TechCrunch network for $30 million

TechCrunch Acquisition

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 ??

7 Comments

  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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