Tim Armstrong: We have Acquired TechCrunch

"I’m very pleased to announce that we have acquired TechCrunch.... This is a great complement to our continued investment in world class content." (Tim Armstrong on Acquisition).

AOL TO ACQUIRE TECHCRUNCH NETWORK OF SITES
San Francisco, CA, September 28, 2010,  AOL Inc. 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,

We have Acquired TechCrunch

CA.
About TechCrunch.
TechCrunch is a weblog dedicated to obsessively profiling and reviewing new Internet products and companies. In addition to covering new companies, TechCrunch profiles existing companies that are making an impact (commercial and/or cultural) on the new web space. TechCrunch has grown into a network of technology focused sites offering a wide range of content and new media.
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.