TechCrunch deal valued at $30 million
Jennifer Saba of Reuters is reporting that the TechCrunch tech news site is being sold to AOL for an estimated $30 million.
Saba reports, “Armstrong said that Arrington has a multi-year agreement with AOL. He also said Arrington will continue to run TechCrunch and that AOL will give it more resources.
“AOL and TechCrunch announced the news on Tuesday during the TechCrunch Disrupt conference in San Francisco.
“‘I look forward to working with everyone at AOL as we build on our reputation for independent tech journalism and continue to set the agenda for insight, reviews and collaborative discussion about the future of the technology industry,’ Arrington said in a statement.
“AOL publishes approximately 80 sites including the tech blog Engadget, which had about 7.5 million unique users in August while TechCrunch had about 3.8 million during the same month according to comScore.”
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