Why Michael Arrington Sold TechCrunch to AOL
TechCrunch is the largest technology blog on the web. Michael Arrington, the founder of TechCrunch has announced yesterday at the TechCrunch Disrupt conference that TechCrunch and its networks of sites had been acquired by AOL. Although there is quite a lots of rumors about how much AOL paid for TechCrunch, with figures of 25 million or 40 million, TechCrunch or AOL hasn’t disclosed the details of the deal. Anyway, in a recent blog post over on TechCrunch.com, Arrington explained the reason behind the sale, and also let’s know that he will be staying on at TechCrunch for at least three years.
Tim asked me how things were going at TechCrunch. I told him I was exhausted after five years but that a recent move to Seattle made it easier to balance my life. I joked that I was half retired.
“That’s too bad, he said, we’d love to acquire you but we’d need to know you would stick around.”
“Wait. What? Yeah I’m great! Lots of energy, I’m having so much fun! Will probably do this for the rest of my life.”
We laughed, and that was the end of any conversations for a while. But Sometime in late July conversations started again. And most of the conversations were about our commitment to keep doing what we do.
Not enough? Head on over to TechCrunch and check out the full article. Congratulations, Mike!