TechCrunch is now officially a property of AOL

Indeed it’s all about content and AOL’s boss knows it!

Obviously the Mashable guys turned down AOL’s offer I reported back in Jan of this year. So, the head of AOL, Tim Armstrong, went ahead to acquire Mashable’s competitor, TechCrunch yesterday.

Confirming multiple reports, AOL announced on Tuesday that it has acquired technology blog publisher and events organizer TechCrunch. Financial terms of the deal were not disclosed. The announcement was made by AOL chief executive Tim Armstrong onstage at TechCrunch’s Disrupt conference in San Francisco. Founded in 2005 by Michael Arrington, TechCrunch operates sites including its flagship TechCrunch.com, MobileCrunch, CrunchGear, GreenTech and TechCrunchTV.

The company also organizes events including Disrupt, the Crunchies Awards and various meet-ups worldwide.

TechCrunch will continue to operate out of San Francisco as part of the AOL Technology Network, which also includes Engadget, Switched, TUAW and DownloadSquad.

“Tim Armstrong and his team have an exciting vision for the future of AOL as a global leader in creating and delivering world-class content to consumers, be it through original content creation, partnerships or acquisitions,” said Arrington.

“I look forward to working with everyone at AOL as we build on our reputation for independent tech journalism and continue to set the agenda for insight, reviews and collaborative discussion about the future of the technology industry.”

I wonder what’s going to happen with all the technology content contribution TechCrunch has been providing to many other online media like NYTimes, WashingtonPost, etc. Will it stop or what? Who is next to be acquired by AOL? The Jim Brady’s new company, TBD perhaps?

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About Elias Shams
I have been a serial entrepreneur in telecom and social media space for past 12 years or so. I hold a M.S. degree in Telecommunication Engineering from the George Washington University and a B.S. degree in Electrical Engineering from the University of Maryland. I’ve lived and worked in many countries and cities including London England, Tehran Iran, Bonn Germany, Paris France, Alicante Spain, Delhi India, and my favorite of all Washington, DC of great US of A. Two of the greatest Washington, DC based companies I worked for and very proud of are Yurie Systems which was sold to Lucent in 1998 for $1.23 B and telezoo.com that I founded in 1999. I am currently the founder and awesomizer @ awesomize.me

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