Last time AOL bought a blog network (Weblogs Inc, owner of Engadget) was like 5 years ago. Today, they bought another one — the TechCrunch Network.
Announced today at TC Disrupt (a conference organized by TC itself), the acquisition cost was not revealed but estimates point to between $25 million to $40 million.
This makes AOL the owner of the biggest blog network to date with Engadget and TechCrunch on its helm. Smaller sites under the TC network, MobileCrunch & CrunchGear, might not survive the acquisition if we base it on what happened to similar blogs in the Weblogs Inc. sale years ago.
Founded by Michael Arrington, TechCrunch operates a global network of dedicated properties from Europe to Japan, as well as vertically-oriented websites, including MobileCrunch, CrunchGear, TechCrunchIT, GreenTech, TechCrunchTV and CrunchBase. The TechMeme Leaderboard ranks TechCrunch as the No. 1 source of breaking tech news online, followed by AOL’s Engadget.*
TechCrunch makes about $6.5 to $10 million a year from advertising and events/conferences.
Twitter: orville_tadle
says:
Congrats AOL on buying TC in an effort to restore AOL relevance that dried up 10 yrs ago!
It’s been a long while since big blog networks have exchanged hands. For now, all eyes are on TC as changes are sure to go down the line.
Oh, AOL, the website for old geezers.
@Jhay
What are you talking about? Do you even know Switched.com?
TC is full of crap writers anyway. They will soon meet a natural death of obscurity.
now, if only some major media companies here in the phils buy yugatech.
Ikaw sir yuga kelan mo bebenta to? hehehehe. Sir suggestion lng. gwa ka kya ng Tv show. YugatechTV…..
@vergel,
Please don’t post senselessness into this blog. Thanks.
@Zhurutang ikaw lng nmn yung senseless…bkit may sense ka ba? kupal ka..
http://www.blogger.com/profile/00229951825951089796
dito mo ba ina aksaya senseless mong buhay kung gawa mo nga ito…hay nako kakahiya…
@vergel,
bibbo ka tlga, na troll ka, hahaha!
[...] This is the second blog network that AOL has bought in the last 6 months. They got the TechCrunch network back in September and now it’s the Huffington Post with a reported $315 million in [...]
[...] is the second blog network that AOL has bought in the last 6 months. They got the TechCrunch network back in September and now it’s the Huffington Post with a reported $315 million in [...]
[...] is the second blog network that AOL has bought in the last 6 months. They got the TechCrunch network back in September and now it’s the Huffington Post with a reported 5 million in [...]