Guardian Tech. Deal live on stage. Tim Armstrong: We Got TechCrunch! 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. Update: More details here from Michael Arrington Leading Authority on Tech News Will Expand AOL’s Growing Offering of World-Class, Audience-Relevant Content. Why We Sold TechCrunch To AOL, And Where We Go From Here. 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? What the TechCrunch Deal Means to Me. I accepted a job offer with TechCrunch on June 7th, 2006 - days before the site celebrated its first birthday.
I left AOL for the position. I worked there for less than a year but it made a huge impression on my life and career. Today I got to see, on live streaming video, TechCrunch founder Michael Arrington sign a contract on stage to sell the site to AOL. As co-editor today of a competing site, and as someone whose big break was joining TechCrunch as the site's first hired writer, I have a lot of thoughts and feelings about the deal and what it means. The Way I Work: Michael Arrington of TechCrunch. TechCrunch, a San Francisco-based company that publishes the influential blog of the same name, started as a hobby.
In 2005, Michael Arrington, a serial entrepreneur and former lawyer, was researching Silicon Valley start-ups and decided to post his findings online. Since then, TechCrunch, which draws about 9.2 million visitors a month and boasts annual revenue of about $10 million, has become the go-to source for breaking news about Internet start-ups and tech companies. Although TechCrunch has 25 full-time employees, Arrington, 40, still spends much of his time reporting and writing.
On most days, he works remotely from his home near Seattle, in a cavelike home office. From morning until night, Arrington sits in darkness in front of his computer—blasting music, working his contacts, and focusing on what he loves best: breaking big stories. I wake up in a pissed-off mood. If news is breaking, I want to be on it. I try to get up at 9 a.m. every day. I moved to the Seattle area in May. AOL Insider Says TechCrunch Price Only $25 Million â CNBC Says $40 Million. AOL to Acquire TechCrunch. Breaking: AOL Close to Buying TechCrunch: Tech News « 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. I still don’t know the terms of the deal, and will update the post accordingly. AOL in the past had acquired Weblogs Inc., the blogging company behind popular sites such as Engadget. On a more personal note, I think this is great news for Mike and his crew. Related research from GigaOM Pro (subscription req’d): Techcrunch Disrupted by AOL: The end of an era in tech blogging? 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.
They didn’t know anything, they said. Then I noticed that Mike and Heather weren’t anywhere to be found, and people pointed to closed doors and said “they are in there.” Later, I ran into Heather Harde, CEO of Techcrunch and asked her “can you talk to me about the news?” Even later, at Techcrunch’s dinner, I met Keith Teare, who was one of the guys part of the founding of Techcrunch and is the third owner of Techcrunch. Arrington hasn’t answered my queries. 1. 2. AOL Is Close To Buying TechCrunch. It Comes With Digital M&A Specialist Heather Harde. AOL Tried To Buy TechCrunch Twice Before. First rumor. Michael Arrington accepts a Seattle T-shirt at the TechFlash Town Hall Summit at Seattle University.
Stephen Brashear photo John Cook Michael Arrington is having a hard time adjusting to his new hometown. The TechCrunch publisher -- who moved to the Seattle area last month -- made his first official appearance in the Seattle tech community Tuesday night at the TechFlash Town Hall Summit. And while Arrington attempted to fit in by wearing a yellow rain poncho, he admitted that he was having a hard time understanding the mindset of the tech community in the Pacific Northwest.