Last time AOL bought a blog network (Weblogs Inc, owner of Engadget) was like 5 years ago. Today, they bought another one — the TechCrunch Network.
Announced today at TC Disrupt (a conference organized by TC itself), the acquisition cost was not revealed but estimates point to between $25 million to $40 million.
This makes AOL the owner of the biggest blog network to date with Engadget and TechCrunch on its helm. Smaller sites under the TC network, MobileCrunch & CrunchGear, might not survive the acquisition if we base it on what happened to similar blogs in the Weblogs Inc. sale years ago.
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.*
TechCrunch makes about $6.5 to $10 million a year from advertising and events/conferences.
YugaTech.com is the largest and longest-running technology site in the Philippines. Originally established in October 2002, the site was transformed into a full-fledged technology platform in 2005.
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Zion says:
I won’t wonder if the next site they buy would be Mashable!
Rolex says:
@vergel,
bibbo ka tlga, na troll ka, hahaha!
Velasquez Vergel D. says:
http://www.blogger.com/profile/002299*****951089796
dito mo ba ina aksaya senseless mong buhay kung gawa mo nga ito…hay nako kakahiya…
Velasquez Vergel D. says:
@Zhurutang ikaw lng nmn yung senseless…bkit may sense ka ba? kupal ka..
Zhurutang says:
@vergel,
Please don’t post senselessness into this blog. Thanks.
Velasquez Vergel D. says:
Ikaw sir yuga kelan mo bebenta to? hehehehe. Sir suggestion lng. gwa ka kya ng Tv show. YugatechTV…..
Lance Quejada says:
now, if only some major media companies here in the phils buy yugatech.
Ree says:
TC is full of crap writers anyway. They will soon meet a natural death of obscurity.
Marky says:
Oh, AOL, the website for old geezers.
@Jhay
What are you talking about? Do you even know Switched.com?
Jhay says:
It’s been a long while since big blog networks have exchanged hands. For now, all eyes are on TC as changes are sure to go down the line.
Orville Tadle says:
Congrats AOL on buying TC in an effort to restore AOL relevance that dried up 10 yrs ago!