As you may have already heard, the popular technology blog, TechCrunch, was recently acquired by AOL, which was announced on Tuesday by AOL’s CEO Tim Armstrong, as well as the website’s founder, Michael Arrington on the stage at TechCrunch Disrupt.
They even signed the acquisition agreement on stage, in front of the audience at TechCrunch Disrupt. According to Armstrong, AOL has been interested in TechCrunch “for a while”.
Michael Arrington also posted the reasons why TechCrunch was sold to AOL in a blog post from the TechCrunch website, stating:
“The truth is I was tired. But I wasn’t tired of writing, or speaking at events. I was tired of our endless tech problems, our inability to find enough talented engineers who wanted to work, ultimately, on blog and CrunchBase software. And when we did find those engineers, as we so often did, how to keep them happy. Unlike most startups in Silicon Valley, the center of attention at TechCrunch is squarely on the writers. It’s certainly not an engineering driven company.
AOL of course fixes that problem perfectly. They run the largest blogging network in the world and if we sold to them we’d never have to worry about tech issues again. We could focus our engineering resources on higher end things and I, for one, could spend more of my day writing and a lot less time dealing with other stuff.”
If you would like more information about TechCrunch being acquired by AOL, you should check out this post by Michael Arrington, as well as this post by Tim Armstrong, both of which are from the TechCrunch website.