AOL close to buying tech blog TechCrunch
Back in June Michael Arrington, the founder of tech blog TechCrunch, hinted that he could be ready to sell his blog as content becomes hot again and AOL is understood to be close to completing a deal to buy it.
According to a post on the blog Gigaom, AOL is on the verge of cutting a deal that will see it acquire TechCrunch and add it to its growing content business, which has been refocused under CEO Tim Armstrong.
Quoting Sources familiar with both sides the post Om Malik said that the announcement was likely to be made at TechCrunch’s flagship Disrupt conference currently taking place in San Francisco.
The terms of the deal are unknown, but it is likely that the five year old blog will fetch a multi million price tag.
Techcrunch would give AOL a flagship tech blog that it would be able to add to its growing family of blogs, which also include the likes of Engadget, Politicsdaily.com. Daily Finance, Gamés.com, JSKY.com and TMZ.com.
Add to this AOL was recently reported to be hiring hundreds of editorial staff to expand its hyperlocal network Patch, which it hopes to grow from 30 sites to hundreds by the end of this year.
TechCrunch, Mashable and The Huffington Post, all launched five years ago, were among the last blogs to truly make it big making them the last of the superstar blogs.

All Comments
Who Runs AOL? its as if the Bosses kid has free reign to buy buy and buy some more. AOL have to be the worst ever company at Buying businesses then turning them to shite and selling at a massive loss.
I don’t know why they don’t try harder to get their own house in order before buying more companies!
crazzzy
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