"Chief Executive Officer Tim Armstrong appeared on stage during a tech industry conference in San Francisco to announce the purchase of TechCrunch Inc., an influential news blog and the host of the event. AOL paid about $25 million, according to two people familiar with the matter, who asked not to be identified because the terms weren’t made public. The company also bought 5min Media, a network of online videos, and Thing Labs Inc., a creator of social-networking tools."
In the last few years AOL had morphed into a news aggregator/originator that, unfortunately, few people were even aware of. At the very least, these acquisitions have revived its profile -- if only temporarily.
No comments:
Post a Comment