Tag Archives: TechCrunch

AOL Acquires TechCrunch: It’s Official

AOL Buys TechcrunchAOL is one of the oldest names in the web business. However, it has seen a huge drop in traffic in the past few years.

Yesterday, GigaOM first reported that AOL was in the process of buying out TechCrunch, a leading technology blog focused on startups which was started by Michael Arrington. It was hard to believe, but coming from Om Malik definitely gave it some credence.

Today, it has been officially confirmed by Tim Armstrong. He took to the stage with Michael Arrington at TC Disrupt and announced the acquisition. TechCrunch will now be a part of the AOL Technology Network.

AOL previously acquired Weblogs Inc., the company behind Engadget, from Jason Calacanis in 2005.

According to Business Insider, the deal size is reported to be around $25 million as an initial payment and performance based earn-outs. Plausibly, this is to ensure that TechCrunch retains its brand value even if Michael Arrington is not leading the charge.

Here is the full PR statement:

AOL TO ACQUIRE TECHCRUNCH NETWORK OF SITES

Leading Authority on Tech News Will Expand AOL’s Growing Offering of World-Class, Audience-Relevant Content

San Francisco, CA, September 28, 2010 AOL Inc. [NYSE: AOL] today announced that it has agreed to acquire TechCrunch, Inc., the company that owns and operates TechCrunch and its network of websites dedicated to technology news, information and analysis. TechCrunch and its associated properties and conferences will join the AOL Technology Network while retaining their editorial independence, further bolstering AOL’s position as one of the world’s leading providers of high-quality, tech-oriented content. The announcement will be made on stage at TechCrunch Disrupt in San Francisco, CA.

Founded by Michael Arrington, TechCrunch operates a global network of dedicated properties from Europe to Japan, as well as vertically-oriented websites, including MobileCrunch, CrunchGear, TechCrunchIT, GreenTech, TechCrunchTV and CrunchBase. The TechMeme Leaderboard ranks TechCrunch as the No. 1 source of breaking tech news online, followed by AOL’s Engadget.*

Michael and his colleagues have made the TechCrunch network a byword for breaking tech news and insight into the innovative world of start-ups, and their reputation for top-class journalism precisely matches AOL’s commitment to delivering the expert content critical to this audience,said Tim Armstrong, Chairman and Chief Executive Officer of AOL. TechCrunch and its team will be an outstanding addition to the high-quality content on the AOL Technology Network, which is now a must-buy for advertisers seeking to associate their brands with leading technology content and its audience.

Heather Harde, Chief Executive Officer of TechCrunch, said: TechCrunch and AOL share a motivating passion for quality technology news and information, and we’re delighted about becoming part of the AOL family. This represents a compelling opportunity to extend the TechCrunch brand while complementing the great work of sites like Engadget and Switched. Our contributors, and our audiences, can look to the future with excitement about what we can build when we have the significant resources of AOL behind us.

Michael Arrington, Founder and Co-Editor of TechCrunch, said: Tim Armstrong and his team have an exciting vision for the future of AOL as a global leader in creating and delivering world-class content to consumers, be it through original content creation, partnerships or acquisitions. 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.

TechCrunch also hosts industry-leading conferences and events, including The Disrupt series, The Crunchies Awards and various meet-ups worldwide. These conferences bring together industry innovators, entrepreneurs and financing sources to exchange ideas, forge new relationships and discuss the current and future industry trends.

Engagement with thought leaders is as important to AOL as our engagement with our contributors, audiences, publishers and advertisers, and TechCrunch’s conferences and websites will give us a promising, additional springboard to join and amplify these conversations. We’re committed to quality in everything we do at AOL, and look forward to working with Heather, Michael and the TechCrunch team to extend the brand,said David Eun, President of AOL Media and Studios.

The AOL Technology Network consists of AOL’s tech-oriented properties including Engadget, the Web magazine about everything new in gadgets and consumer electronics; Switched, which covers the intersection of the digital world with entertainment, sports, art, fashion and lifestyle; TUAW, the unofficial Apple weblog; and DownloadSquad, the weblog about downloadable software and other computer subjects. The AOL Technology Network ranks in the top five for tech news according to comScore Media Metrix, August 2010 data, and leads the top five in average time spent and average visits per user.

This acquisition will further AOL’s strategy to become the global leader in sourcing, creating, producing and delivering high-quality, trusted, original content to consumers. TechCrunch will remain headquartered in San Francisco, CA, as a wholly owned AOL unit. Deal terms were not disclosed.

Source: TechCrunch

AOL Acquires TechCrunch

It is finally official, Tim Armstrong, CEO of AOL, announced today at TechCrunch Disrupt that AOL has finally acquired TechCrunch and all their properties in a successful deal today.

AOL Inc. [NYSE: AOL] today announced that it has agreed to acquire TechCrunch, Inc., the company that owns and operates TechCrunch and its network of websites dedicated to technology news, information and analysis. TechCrunch and its associated properties and conferences will join the AOL Technology Network while retaining their editorial independence, further bolstering AOL’s position as one of the world’s leading providers of high-quality, tech-oriented content. The announcement will be made on stage at TechCrunch Disrupt in San Francisco, CA.

The deal gives AOL a big lead in the tech reporting industry after it had also bought Weblogs Inc. through which they got hold of Engadget. Today with the acquisition of TechCrunch, AOL has their hands on two of the biggest tech reporting sites in the world.

TechCrunch which was started out 5 years ago by a lawyer Michael Arrington has quickly grown to become a huge establishment with several web properties and events under their umbrella. TechCrunch network contains MobileCrunch, CrunchGear, TechCrunchIT, GreenTech, TechCrunchTV and CrunchBase.

Michael Arrington, Founder and Co-Editor of TechCrunch, said: Tim Armstrong and his team have an exciting vision for the future of AOL as a global leader in creating and delivering world-class content to consumers, be it through original content creation, partnerships or acquisitions. 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.

So does this mean that AOL has now bigger control over the tech news industry with both Engadget and TechCrunch under them? It could certainly be. Another big social website Mashable also syndicates content to AOL rival Yahoo, so will Yahoo now start looking for another acquisition to bolster their news section?

More details at the TechCrunch Press Release and AOL Corporate website.

Is AOL Buying TechCrunch?

AOL is one of the oldest companies in the web industry but its services have failed to evolve with time. Therefore, it took to acquiring services to compensate for the losses. In past AOL has acquired Weblogs Inc., the company behind the popular gadget review website Engadget. AOL has seen serious drops in traffic and this acquisition allowed it to compensate for the losses it was making with the existing business. Taking a further step, AOL is probably out to buy TechCrunch, the acclaimed tech blog focused on startups and industry news.

The announcement has not been made yet but the news is already out in the wild and can be seen  here on Techmeme. Tim Armstrong, the AOL CEO is about to make an appearance at the TechCrunch Disrupt  conference and will probably make the announcement too. However, we hope it is not a rumor like the last AOL-Mashable acquisition.

While Engadget is regarded as the top gadget blog, TechCrunch is the top tech blog and this acquisition will give AOL a stronghold over two of the most popular niche in the world of blogging. There is no final word on the deal and there is a very good chance that it falls apart. TechCrunch disrupt will decide soon.

TechCrunch TV Goes Live

A few months ago, we had told you about TechCrunch hiring a Forbes anchor reporter Evelyn Rusli in plans for TechCrunch TV, and it looks like all the months of work has finally completed with the official launch of TechCrunch TV.

TechCrunch TV Logo

TechCrunch has invested heavily into the new venture setting up a new office in San Francisco and also hiring several dedicated personnel for the venture. TechCrunch TV also plan to live broadcast several global tech events, similar to what Twit.TV is famous for.

TechCrunch TV will be launching with a limited beta service with about 40 minutes of original programming a day, supported by a wealth of previously recorded shows. Watch a video below of TechCrunch TV Creative Director Paul Carr and Evelyn Rusli where they introduce the idea behind TCTV to the readers.

More information at the official launch post at TechCrunch.

Yahoo CEO Carol Bartz tells Michael Arrington From TechCrunch to Fuck-off

Yahoo CEO Carol Bartz walked into the office of Michael Arrington from TechCrunch and talked with him for a good long 25 minutes. In the talks, while Michael supported the move made by Yahoo! in focusing on other areas else than search, Carol was insisting on Yahoo! being a web search company primarily.

Then, she goes on to say that TechCrunch was a “tiny company” and “So don’t give me crap about what the fine people of Yahoo! are supposed to do, so F-off.”

Carol has a fake twitter account which is famous for spilling out similar responses but this coming from the real Carol is hilarious.

Check out this video to know more.

(Source)

TechCrunch To Launch TechCrunch TV, Hires Forbes Anchor

There is no doubt that TechCrunch is one of the biggest websites in the tech industry and are almost an authority on tech, however, TechCrunch was definitely missing out on a upcoming medium which was video.

TechCrunch Logo

That though is a thing of the past, TechCrunch will shortly be launching a new video project dubbed aptly as TechCrunch TV. The new venture will go live in the next few weeks after the finishing touches are applied to the new video studio at the TechCrunch HQ.

TechCrunch TV will have breaking news content as well as planned shows, which may include interviews, talk shows and product reviews.

Evelyn Rusli Forbes TechCrunch

The big news of the night though is that TechCrunch has now hired former Forbes anchor reporter Evelyn Rusli. Evelyn will be the main anchor of TechCrunch TV breaking news and planned shows.

Not much information about TechCrunch TV is available right now, we will keep you updated when news becomes available about the same.

Image via TechCrunch

Google Buzz Love: TechCrunch Adds Buzz It Button, Mashable Runs Nexus One Contest

is here, big time for some, been there done it for some, but it is here and it will live around for a long time, no matter whether everyone likes it or not.

techcrunch_google_buzz_button

So where is the Google Buzz Love? Well, two of the most high profile technology and social blogs have it. TechCrunch just announced that you can now share their posts on Google Buzz using a new Buzz it button. However, this feature taps into a Share feature in Google Reader and does not integrate into Google Buzz itself. Google Reader shared items are included into your Google Buzz updates.

Earlier in the day, Mashable also announced a contest to give away a , if you join them on Google Buzz. To take part in the contest users have to join Mashable to your Google Buzz account and answer few questions they ask through their account.

This is the earliest adaptation I have seen of any product by high profile sites. was one of the worst products from Google, it’s lighter clone (or as many call it Friendfeed in disguise) definitely has a lot in store for the future. What do you think?

TechCrunch Wronged Amit Agarwal On The Comments Saga

I have been a blogger for almost 4 years now, and in that period I have met incredible people online, one of them being Amit Agarwal from Digital Inspiration, who I have not yet met in person, but will do sooner rather than later.

techcrunch_logo

However, knowing Amit online has been a pleasure and we have interacted several times in the past. One thing I can tell you about him is that, he is a person who researches well enough before writing articles, we all do, but Amit has a incredible knack of getting things right, and I have had first hand experience of it.

digital_inspiration_logo

A recent post Amit wrote has blown into a controversy, the post in question was about TechCrunch not displaying comments on posts older than 10 days, you can read it here. It was a well researched post and quickly made it to TechMeme (who ignores several of our posts :-( ).

Once you get into the TechMeme river, it is more than natural for every Tech guru to notice it, and it was, by a TechCrunch blogger, Robin Wauters, who wrote a counter post titled "Your Comments Are Safe With Us", which you can read here. Now in that post Robin took the liberty to call it "an allegation", however, it was not an allegation, it was just information that we all would like to know.

Being a regular commentator on TechCrunch and having viewed the enormous amounts of information that is passed on in comments, it would more than affect me that comments on older posts were not being displayed, if I would have got the news first, I would have published it too.

Robin wrote this, emphasis added by him:

I’ll start with the part that checks out: yes, comments on older blog posts are not being displayed at the moment, although they are still stored in the database on our side. But no, we did not remove them because we were looking to decrease our page load time although we’re constantly looking for ways to do so and there’s no big search engine optimization conspiracy behind it either.

Well, if you read Amit’s post, no where in his post did he say that TechCrunch had deleted comments, he just mentioned that (emphasis added by me):

If you are a frequent commenter on TechCrunch blog, here’s a slightly disheartening news for you TechCrunch has stopped displaying user comments on all stories that are older than 10 days. Your comments have not been deleted from the actual WordPress database but they aren’t putting them on the site anymore.

Also, the rest of the post did not make an assumption as to why TechCrunch removed their comments, it just stated some reason’s as to why someone would get rid of comments. It also quoted on why Engadget had to stop comments on their posts.

Agreed that the title was a little bit misleading, however, you just cannot blame or demean anyone without reading the article properly. We all want to know how TechCrunch works and what they do, and Michael has been more than transparent in that area, but accusing Amit without fully reading the post, just because it made to TechMeme was totally wrong.

This post is a silent protest against TechCrunch. And no, I am not asking for any apologies to be sent out or anything, that matter has to be between Amit and Michael. However, I could not sit around and be a silent observer when someone who I know does his job thoroughly and without doubt, being accused of being wrong, when there was only a slight hint of problem in the title of the post.

Rest is up to you.

Logos used in this posts are courtesy TechCrunch and Digital Inspiration

BREAKING: TechCrunch Hacked

It looks the most popular Technology blog in the world TechCrunch just got hacked. Users visiting TechCrunch.com will be not be greeted with the usual dose of Technology, instead, you will see something which is similar to the screenshot below.

TechCrunch Hacked

Though the reason for the hack is not yet clear, @parislemon aka MG Seigler just tweeted that the folks at TC are aware of the situation. I checked on the DNS records and there does not seem to be any hijacks there, however it does look like somehow the hacker was able to get into the TechCrunch servers.

We, will update this post when more information becomes available, however, knowing TechCrunch, expect some explosive articles coming out in a day or two explaining the hack. Just a warning: DO NOT Click on the link on the site.

Update 1: TechCrunch is back up now, however, there is no official note about it yet, expect some details to come forth soon.

Update 2: Looks like the went down again, some sort of a recurring hack attack underway.

Update 3: Looks like they are back again at 2:31AM ET / 11:30PM PT, hope back for good this time.

Update 4: 2:40AM ET, and there they go down again.

Update 5: Still down at 3AM ET, looks like they are internally moving servers/IP, the site now throws a 500 error, it should be back up in an hour or two.

TechCrunch Hack Confirmed

Update 6: 4AM ET – TechCrunch has confirmed the exploit and are working on it, visitors should see a message as seen in the screenshot above.

Update 7: 5AM ET – TechCrunch is finally back up, and this time we think for good.

Update 8: 6:12AM ET TechCrunch came out with an update that the site was hacked, however they said it was redirected which was not the case, hopefully both TechCrunch and @rackspace should clarify more on this in the next few hours.