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Exclusive: AOL buys YugaTech

Ok, I didn’t really want to write it this early but I thought it’s better this comes out straight from me first — we’ve just been acquired by AOL.


Here’s part of the press release given by AOL PR.

AOL TO ACQUIRE YUGATECH NETWORK OF SITES

Leading Authority on Tech News Will Expand AOL’s Growing Offering of World-Class, Audience-Relevant Content

San Francisco, CA, April 1, 2011 – AOL Inc. [NYSE: AOL] today announced that it has agreed to acquire YugaTech Networks., the company that owns and operates YugaTech.com and its network of websites dedicated to technology news, information and analysis. AOL holds 51% share of YugaTech Networks which operates several websites and events such as YugaTech, YugaDeals, PinoyTechBlog, SEMCON, etc.

YugaTech and its associated properties and conferences will join the AOL Technology Network while retaining their editorial independence, further bolstering AOL’s position as one of the world’s leading providers of high-quality, tech-oriented content.

The acquisition is a first in the Philippines for AOL but is aligned with several other acquisition of other leading sites in Singapore, Hong Kong, Malaysia and Indonesia. The group of sites will be placed under the AOL Asia network.

Can’t share anything else as of this moment but don’t ask how much AOL offered me since I’m not allowed to say that. Announcements regarding sale of other tech sites in South East Asia will be announced in due time.

Will post and share my personal thoughts about this move on my personal blog or on FB.

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Avatar for Abe Olandres

Abe is the founder and Editor-in-Chief of YugaTech with over 20 years of experience in the technology industry. He is one of the pioneers of blogging in the country and considered by many as the Father of Tech Blogging in the Philippines. He is also a technology consultant, a tech columnist with several national publications, resource speaker and mentor/advisor to several start-up companies.

90 Responses

  1. Avatar for Alwin Alwin says:

    Was too late to read this post, but I had second thoughts. Good thing I checked the date of posting :)

  2. Avatar for simster simster says:

    if i didnt read the comments, i thought this was for real! already texted my geek friends about it! – just read this april9.

  3. Avatar for technobaboy technobaboy says:

    wala pa bang confirmation from yuga if this is just an april fool’s joke? baka mamaya totoo pala to. paging yuga! please advise if this is true or not :)

  4. Avatar for Chris Chris says:

    yugadget.com

  5. Avatar for Louie Sison Louie Sison says:

    Galing naman… sayang, ngayon ko lang to nabasa :)

  6. Avatar for JeffZ JeffZ says:

    Congrats Sir Abe!..

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