Done Deal: AOL Acquires TechCrunch
The rumors have now been officially confirmed by AOL chairman and CEO Tim Armstrong: AOL is the proud new owner of TechCrunch and its network of technology-centric Web sites.
TechCrunch will become part of the AOL Technology Network, but it will retain its editorial independence, according to Armstrong’s press release. The official announcement will be made on stage at TechCrunch’s Disrupt SF conference in San Francisco.
Armstrong said in the press release:
(TechCrunch founder Michael Arrington) and his colleagues have made the TechCrunch network a byword for breaking tech news and insight into the innovative world of startups, and their reputation for top-class journalism precisely matches AOL’s commitment to delivering the expert content critical to this audience.
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