AOL Buys Influential Blog TechCrunch, 2 Tech Firms |
| Wall Street Journal - Sep 28, 2010 |
AOL Inc. (AOL) on Tuesday said it would buy technology blog TechCrunch Inc., one of the most influential blogs in Silicon Valley, as the Internet giant looks to expand its offerings of critical content to its audience.
AOL also bought Thing Labs Inc., which makes Web-based social-networking software, and Web video-syndication company 5min Media on Tuesday.
The digital-media company said it expects to eventually include some of Thing Lab's Brizzly applications in its Lifestream social aggregator and publisher and its AIM messaging platform. Brizzly apps allow users to view and post updates to social-networking sites Twitter and Facebook and enable group chat. The founders of Thing Labs, who will join AOL, previously helped create Google Reader.
The companies didn't disclose the terms of the deals, but a person familiar with the matter said AOL paid about $30 million for TechCrunch.
Read Full Article from Wall Street Journal
- Posted: 2010-09-28 21:16:16
| More Stock Investor Place Company News |
 |
|
|
|
| Stock Investor Place Company News Archive |
|
|
|
