Yahoo sold the tech-news site TechCrunch to investment company Regent for an undisclosed amount, reports Todd Spangler of Variety.
Spangler reports, “The announcement of deal comes a day after news that Regent acquired Foundry, home of PCWorld, Macworld, InfoWorld, CIO, TechAdvisor and other tech publications, from International Data Group (IDG).
“Financial terms of the deals for TechCrunch and Foundry were not disclosed. Yahoo is holding on to a small stake in TechCrunch, according to Connie Loizos, TechCrunch’s editor in chief and general manager. The deal for TechCrunch is expected to close ‘in the coming weeks,’ Yahoo and Regent said. Yahoo retains ownership of Engadget, another tech-oriented news site.
“TechCrunch publishes news, podcasts, newsletters and videos about the tech world and hosts several in-person and virtual events throughout the year, including its flagship Disrupt conference and TC Early Stage.”
Read more here.
