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AOL Buys TechCrunch For $25 Million Cash

Discussion in 'General Business' started by Seqqa, Sep 29, 2010.

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  1. #1
    I've just read that one of the biggest tech blogs has just sold for a all cash deal. That's not totally confirmed but I don't think AOL was offering any stock deals with the purchase. For someone who is actively involved in the start up space it's a pretty big deal, and a great success for both TechCrunch and Michael Arrington who says he will keep working for the company.

    Michael Arrington founded the company only 5 years ago, but has already turned into a $2.5m+ a year business. I think this is a great media company and shows very strong growth in its sector.

    I wish both parties the best of luck with the transfer.
     
    Seqqa, Sep 29, 2010 IP
  2. ApocalypseXL

    ApocalypseXL Notable Member

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    #2
    Hmm sounds almost to good to be true for TechCrunch . Nevertheless it's a matter worth following .

    BTW Seqqa what's whit the new avatar ?
     
    ApocalypseXL, Sep 29, 2010 IP
  3. Seqqa

    Seqqa Well-Known Member

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    #3
    My stock portfolio is almost hitting this years target, plus Wall Street 2 got me pumped as I'm a bit of a financial junkie.
     
    Seqqa, Sep 29, 2010 IP