After acquiring Weblogs, Inc. in 2005, AOL is rumored to be seeking to purchase the TechCrunch empire founded by Michael Arrington.
AOL, the New York-based online media company, is on the verge of acquiring TechCrunch, the online blogging network started by former attorney, Michael Arrington. The deal is at a sensitive stage and might fall apart yet, but I don’t think so. Sources familiar with both entities says that the announcement is likely to come onstage at Disrupt, TechCrunch’s flagship conference currently underway in San Francisco. (via GigaOm)
According to Om Malik, Tim Armstrong (AOL’s CEO) is suppose to make an announcement at the end of TechCrunch Disrupt, which unveils innovative startups that (as the name implies) can disrupt the industry as a whole.
There is still no word on what price AOL is offering Arrington for ownership of the TechCrunch empire, but we will update this post as soon if we hear of anything new.
If Om’s sources are correct and TechCrunch is assimilated by the AOL giant, we will probably see TechCrunch powered by BlogSmith instead of WordPress (the former which AOL thus far delcined to release to the public).
With AOL snapping up some of the largest blog networks around, the only question that remains is, “Who’s next?”