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AOL Michael Arrington TechCrunch Tim Armstrong

AOL acquires TechCrunch

29 Sep, 2010

The company annouces the acquisition along with the purchases of instructional video site 5min and Thing Labs Inc. People familiar with the deal say it paid around $30 million for TechCrunch. Arrington is retained on a multi-year deal. AOL chief executive Armstrong:

The one thing that doesn’t change is people’s consumption of content.