AOL Acquires TechCrunch

By Cindy Waxer September 28, 2010

For once, everybody’s favorite tech blog, TechCrunch, was the talk of Silicon Valley instead of being the one doing all the talking. That’s because TechCrunch announced being acquired by AOL.

Financial terms of the transaction were not disclosed although AOL said TechCrunch and its associated properties and conferences will join the AOL Technology Network while retaining their editorial independence. Founded by Michael Arrington, TechCrunch websites include flagship TechCrunch, MobileCrunch, CrunchGear, TechCrunchIT, GreenTech, TechCrunchTV and CrunchBase. AOL already owns technology news site, Engadget.

Reaction to the acquisition from TechCrunch readers has ranged from disappointment to shoulder-shrugging dispassion. Among the comments that have been posted on the TechCrunch site:

From Johan Notenboom: “It will get MA [Michael Arrington] a substantial amount of money and a 9 to 5 job with employee benefits like a pension plan. I want that too! To be fair: congrats guys.”

From Dan: “Don’t know about the rest of you guys..... but I feel disappointed and betrayed. Main point of reading TC was the transparency... and now after all those years I am being kicked with a heavy boot in my face... anyone but AOL... this is terrible disappointment...” 

Tim Armstrong, chairman and CEO of AOL, obviously feels differently. In a statement, he stated: “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 will remain in San Francisco as a wholly owned AOL unit. AOL is banking on the acquisition to further its strategy to become a leader in sourcing, creating, producing and delivering online content. In fact, AOL just announced acquiring Web video syndication firm 5min Media.

Edited by Erin Harrison

TechZone360 Contributing Editor

Related Articles

Bloomberg BETA: Models Are Key to Machine Intelligence

By: Paula Bernier    4/19/2018

James Cham, partner at seed fund Bloomberg BETA, was at Cisco Collaboration Summit today talking about the importance of models to the future of machi…

Read More

Get Smart About Influencer Attribution in a Blockchain World

By: Maurice Nagle    4/16/2018

The retail value chain is in for a blockchain-enabled overhaul, with smarter relationships, delivering enhanced transparency across an environment of …

Read More

Facebook Flip-Flopping on GDPR

By: Maurice Nagle    4/12/2018

With GDPR on the horizon, Zuckerberg in Congress testifying and Facebook users questioning loyalty, change is coming. What that change will look like,…

Read More

The Next Phase of Flash Storage and the Mid-Sized Business

By: Joanna Fanuko    4/11/2018

Organizations amass profuse amounts of data these days, ranging from website traffic metrics to online customer surveys. Collectively, AI, IoT and eve…

Read More

Satellite Imaging - Petabytes of Developer, Business Opportunities

By: Doug Mohney    4/11/2018

Hollywood has programmed society into believing satellite imaging as a magic, all-seeing tool, but the real trick is in analysis. Numerous firms are f…

Read More