AOL

AOL10 posts
29 Sep, 2010

AOL acquires TechCrunch

Acquisition

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.

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