Techcrunch getting sold
I’m very pleased to announce that we have acquired TechCrunch. Details are in the press release below, and I’m sure founder Michael Arrington will have a few words to say as well. This is a great complement to our continued investment in world class content.
By now you must have heard the news that AOL has acquired us . Here are videos of the on stage signing of the agreement and an interview with AOL CEO Tim Armstrong immediately afterwards. So how did all this happen?
| As told to Liz Welch Oct 1, 2010 Michael Arrington loves breaking tech stories, but he’s not big on PR people, conversational niceties, or sunlight. John Keatley Cap'n Crunch: Michael Arrington says his style is to “bust the door down and clean the mess up later.” 33 in Share
AOL, the New York-based online media company, is on the verge of acquiring TechCrunch , the online blogging network started by former attorney, Michael Arrington. The deal is at a sensitive stage and might fall apart yet, but I don’t think so. Sources familiar with both entities says that the announcement is likely to come onstage at Disrupt, TechCrunch’s flagship conference currently underway in San Francisco. AOL CEO Tim Armstrong is likely to make an appearance at the conference, and perhaps that’s when the announcement is likely to be made. Michael Arrington was unreachable for comment, and AOL has not returned my calls.
The news/rumor that Techcrunch is up for sale quickly made the rounds at the Techcrunch Disrupt conference this afternoon. GigaOm started it with a post that a sale to AOL is close at hand . I’ve been burned by these kinds of rumors before, I remember when it was rumored that AOL was buying Mashable, but those discussions never led anywhere. This time, however, I was back stage at the Disrupt conference when the news started making the rounds. I quickly asked staff members about the rumor.
Michael Arrington accepts a Seattle T-shirt at the TechFlash Town Hall Summit at Seattle University.