Exclusive: AOL buys YugaTech

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.



Abe is the founder and Editor-in-Chief of YugaTech. You Can follow him on Twitter @abeolandres.

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90 Responses

  1. eyeneni says:

    er, happy april fools?

  2. Jun says:

    Hmmm.. is it real? :)

  3. Andre says:

    Should be LOL not AOL!

  4. aprilfool'sday says:

    April 1, 2011 ;)

  5. Biggs says:

    Reminder: Today is April Fools Day!! ^^

  6. Zoi C. Hernandez says:

    Biggest tech acquisition since PLDT acquired Sun Cellular!

  7. Zoi C. Hernandez says:

    Biggest tech acquisition since PLDT acquired Sun Cellular! NOT!!! Hahaha.

  8. Damaso says:

    Happy April Fools Day!

  9. Slymedia24 says:

    HAPPY APRIL FOOL’S DAY!!! ^_^ \m/

  10. Damaso says:

    Happy April Fools’ Day!

  11. April says:

    April Fools!

  12. noel says:

    nice :D :D

    buti the deal went through. Mine was still in the works. I didn’t want them to get 51% though. :D

  13. ju says:

    weh…. too obvious… =)

  14. JC says:

    Nice one I remember last year! haha

  15. froilanG says:

    It’s April 1…very obvious.. ^-^

  16. superoxy says:

    A – pril

    O – ne

    L – aughtrip

    =)

  17. mcometa says:

    This has got to be one of the coolest April Fool’s joke around! Hahaha! Nice one Yuga!

  18. nameless says:

    I almost believe you.. it’ll be awesome if it’s true…

  19. Not a good one, Abe. Too obvious :-p

  20. deuts says:

    masyado na atang obvious eh. inaabangan na ng lahat ng tao mga pranks during April Fool’s Day…hehe

  21. Jeric says:

    Too good to be true! Apple buys Microsoft Shares

  22. name says:

    Happy April Fools! I was expecting a YugaTab, or a YugaPhone :)) but, this is good enough :D

  23. Carlo says:

    Almost fell for it. Masyado akong uto-uto! Haha XD

  24. Dave says:

    April fools ba to Abe? share ur blessings to your followers sana meron ka gadget giveaways hahaha!

  25. arj says:

    April fools is past and gone, you’re the fool and I am none…

  26. simplynice93 says:

    You got me there sir abe…lol! Happy April Fools Day! XD

  27. Ang-ang says:

    Really, Speechless. Today is April 1st, April fool’s day!

  28. mindyq says:

    looks some of your viewers aren’t as gullible as before…AOL este LOL

  29. lol says:

    korni.. it will not happen on ordinary day..

  30. JKisaragi says:

    April fools! XD

  31. whaâ„¢ says:

    APRIL FOOLS DAY AGAIN SIR YUGA, last year a lappies. hahaha

  32. hmmm… actually it is quite believable. then again, it’s april 1!

  33. marhgil says:

    pumayag ka pala? ako kasi ay nagdecline sa offer sa akin. :)

  34. Messie says:

    As a result of the said acquisition, yugatech can now only be accessed by subscribing to AOL as ISP or by using Dial-up.

    Regardless, the speed is about the same for both. :D

  35. Edwin C says:

    Hooo, yabang.

  36. NemOry says:

    Nice one joke sir Yuga..hehe

  37. phiLLip says:

    haha! you got me there!

    but if it’s true, then you got us twice. double april fools’ day!

    but it really isn’t; you just want us to get confused because it’s april fools’ day.

    but you thought that we would think that you thought that we would think that you’re only kidding us. therefore it is really true

    *infinite loop* press ctrl+break to stop

  38. Calvin says:

    oi wag mo sama pinoy tech blog dyan, di ko pa ni-sisign yung contract. :P

  39. Benchmark says:

    Anak ng….akala ko totoo! Hahahahaha kainis!!!! HAHAHAHAHA

  40. Spidey says:

    Buti di nasama digitalspidey.com hahaha!

  41. Name: says:

    Fell for it hook, line and sinker. :( Now where do I dump all this Yugatech stock?

  42. Maui says:

    March 31 pa lang sa San Francisco hehehe (10:58 PM to be exact)

  43. cheapyuga says:

    Ang cheap mo talaga boss yuga, no wonder your blog visits are going down, happy april’s fools

  44. Nonoy says:

    What do you think of Gmail Motion? hehehe

  45. Andrew says:

    It’s been a tradition na sir yuga ahh for the april fools day blog posts. Nice one here indeed.

  46. say says:

    happy April fools day! :D

  47. Red says:

    Wahh! Happy April’s Fools Abe! Share your Billions. hahah!

  48. Faust says:

    WOW! I can’t believe this from happening! Oh, before I forget today is April 1, 2011, isn’t that April Fools Day? Cheers!

  49. Teknisyan says:

    hehe.. nice one!! :)

  50. at first I thought it was true but when I saw my computer’s calendar and it’s April 1 I just laughed…

  51. April fools day :-). Anyway let’s wait for the next installment.

  52. adam says:

    Cool. Lets see tomorrow if this is true.

  53. Me says:

    April Fools!!!!!!

  54. JunAlquis says:

    sellout.

  55. drealmarlon says:

    i read Yugatech Blogs because of your Filipino views,about acquiring?kaya naman kahit wala yang AOL na yan?

  56. rene says:

    gothcha… blogs are personal… if you buy a blog your buying the writer… happy april fools day…

  57. Carlo Angelo says:

    Good try Abe..But not good enough! Hahaha..

    Try harder. YuganGadget?! hahah.

    Happy April Fools’ Day! :)))

  58. ELLYREJ says:

    seeing this post makes me realize that a year ago i started reading and following this wonderful blog… thanks sir abe

  59. daniel says:

    as if…. hahaha PEACE!

  60. Mj says:

    Happy April Fool’s Day.. :p

  61. ron says:

    lol naisahan ako dito ah. haha

  62. nubietech says:

    nah…….

    nice to do april fools on the internet. missed that ahahahaahaha I would have done the same for my website. the subject: uploadingtips.com gone bankrupt for a 2 dollar hosting ahahahahaaha.
    nice one yuga!

    http://uploadingtips.com

  63. Lord says:

    Happy April fools. Saw the same blog entry in Zen Habits.

  64. poche says:

    no offense pero oa naman yun april fools mo, walang kaeeffort effort lol. aol amp mano bang pldt na lang since local company lang yun.

    mabuti pa yun kay gmtristan.com may effort pati pics lol.

  65. Yugyuga says:

    In your dreams nyahahaha…

  66. Solidad says:

    Yuga should have made a better convicing post. :)

  67. Gumz says:

    what the!!! hahahaha!!!

  68. leo says:

    hahahah!!! nice one…

  69. Ulysses Gaygay says:

    hala.. naniwala naman ako..:)) ahaha

  70. csseyah says:

    hehehehhe nice one! Good ah!

  71. It’s an indication that this network grows and it is a part of transformation. http://learner-spot.blogspot.com/

  72. heckiboi says:

    just like april fools

    na fool din ako ng GMAIL motion :)


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  73. Yugadeath says:

    April Fools and besides as if AOL will acquire Yugatech, this site doesn’t meet the AOL’s quality.

  74. rye says:

    nice abe! hahaha i bought it.

  75. Ethan Tremblay says:

    hahahaha at first I really thought it was true, then I just felt sad about it but I keep on thinking why would AOL buy Yugatech??? hahahaha nice one yuga

  76. Esay says:

    Congrats, Abe!
    Galing galing!

  77. StarMars says:

    Haha, nice one Kuya Abe. Ngayon ko lang nakita to.

  78. epsr82 says:

    nice one
    akala ko pa man din 1st in the philippines :)

  79. JeffZ says:

    Congrats Sir Abe!..

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

  81. 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 :)

  82. 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.

  83. Alwin says:

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

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