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TechCrunch acquired by AOL

40 million dollar deal adds another tech media outlet under AOL's banner

| Business, Financial & Legal News | Posted: Sep 29, 2010 2:44 am

Remember when AOL was known for sending you thousands of free dial up internet CDs and "You've Got Mail?" AOL is now making their move to consume tech media outlets, and TechCrunch is the latest to join the fold.

 

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AOL has acquired TechCrunch, a popular tech news outlet, and their related properties like MobileCrunch for a reported $40 million. The deal was officially announced and signed at the TechCrunch Disrupt conference today in San Francisco between AOL CEO Tim Armstrong and TechCrunch Founder and Co-editor Michael Arrington. TechCrunch joins Engadget, Switched, and Download Squad as major tech media players now flying under the AOL flag.

 

NEWS SOURCE
Mashable.com

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