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TechCrunch acquired by AOL
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The following comments relate to this news article:
article published on 28 September, 2010
AOL CEO Tim Armstrong has confirmed today they have acquired the very popular technology blog TechCrunch.
TechCrunch was founded in 2005 by Michael Arrington.
GigaOM, a rival tech blog, first broke the news yesterday that a deal was in the works.
At TechCrunch?s Disrupt conference, Arrington and Armstrong signed the actual contract on stage, in front of a full audience.
AOL's ... [ read the full article ]
Please read the original article before posting your comments.
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Senior Member
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28. September 2010 @ 15:48 |
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If TechCrunch brings in $10M/year in revenues selling it for a one-time payment of $25M doesn't seem like a very smart move on Michael Arrington's part.
Maybe he is getting more out of this than is mentioned in the article?
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Senior Member
4 product reviews
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28. September 2010 @ 16:13 |
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in other news Afterdawn buys Aol.
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biglo30
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28. September 2010 @ 16:46 |
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Wow didnt no people still used AOL.
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Senior Member
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28. September 2010 @ 16:58 |
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Originally posted by biglo30:
Wow didnt no people still used AOL.
AOL, as an ISP, is long gone. They do, however, own a ton of websites like TechCrunch that probably generate them tens to hundreds of millions every year.
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Staff Member
4 product reviews
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28. September 2010 @ 17:29 |
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Originally posted by Pop_Smith:
Originally posted by biglo30:
Wow didnt no people still used AOL.
AOL, as an ISP, is long gone. They do, however, own a ton of websites like TechCrunch that probably generate them tens to hundreds of millions every year.
Exactly, they are still one of the largest portals in the U.S. (And they do actually still have some dialup customers).
As for Arrington's choice to take the $25 million, I think it has to do with the fact that he started the site with no venture capital, so the payout is pretty much all his.
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solamf30
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28. September 2010 @ 17:49 |
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Originally posted by DVDBack23:
Originally posted by Pop_Smith:
Originally posted by biglo30:
Wow didnt no people still used AOL.
AOL, as an ISP, is long gone. They do, however, own a ton of websites like TechCrunch that probably generate them tens to hundreds of millions every year.
Exactly, they are still one of the largest portals in the U.S. (And they do actually still have some dialup customers).
As for Arrington's choice to take the $25 million, I think it has to do with the fact that he started the site with no venture capital, so the payout is pretty much all his.
Not to mention the fact that I'm sure he will get a hefty salary the remaining time he is there
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davidike
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28. September 2010 @ 19:11 |
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rss feed deleted then.
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AfterDawn Addict
1 product review
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28. September 2010 @ 22:34 |
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Originally posted by Pop_Smith:
Originally posted by biglo30:
Wow didnt no people still used AOL.
AOL, as an ISP, is long gone. They do, however, own a ton of websites like TechCrunch that probably generate them tens to hundreds of millions every year.
I think AOL (dial-up) still exists in some places...and you practically need a court order to shut it off, so a lot of unknowing people are probably still paying them money for some crummy dial-up from 1995.
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Senior Member
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29. September 2010 @ 00:50 |
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Originally posted by KillerBug:
I think AOL (dial-up) still exists in some places...and you practically need a court order to shut it off, so a lot of unknowing people are probably still paying them money for some crummy dial-up from 1995.
DVDBack23 also pointed this out to me. I haven't seen or heard anything about AOL as an ISP for a long time so I thought they were totally gone as an ISP.
Sounds like the same crap AT&T pulled were older people were (and, possibly, still are) paying monthly rental-like fees for a landline phone.
"The only people who should buy Monster cable are people who light cigars with Benjamins." - Gizmodo
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AfterDawn Addict
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29. September 2010 @ 08:26 |
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they own engadget and joystiq aswell. A pretty powerful force in the tech/games news industry.
MGR (Micro Gaming Rig) .|. Intel Q6600 @ 3.45GHz .|. Asus P35 P5K-E/WiFi .|. 4GB 1066MHz Geil Black Dragon RAM .|. Samsung F60 SSD .|. Corsair H50-1 Cooler .|. Sapphire 4870 512MB .|. Lian Li PC-A70B .|. Be Queit P7 Dark Power Pro 850W PSU .|. 24" 1920x1200 DGM (MVA Panel) .|. 24" 1920x1080 Dell (TN Panel) .|. |
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davidike
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29. September 2010 @ 16:37 |
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Originally posted by shaffaaf:
they own engadget and joystiq aswell. A pretty powerful force in the tech/games news industry.
a very strong lobby group for increasing sales, the question to ask is how impartial are they with their corporate advertisers in the tech, gaming industry regarding reviews and promotion?
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