TechCrunch has a brand new proprietor: Yahoo bought the tech-news website to funding firm Regent for an undisclosed quantity.
The announcement of deal comes a day after information that Regent acquired Foundry, residence of PCWorld, Macworld, InfoWorld, CIO, TechAdvisor and different tech publications, from International Data Group (IDG).
Financial phrases of the offers for TechCrunch and Foundry weren’t disclosed. The deal for TechCrunch is anticipated to shut “in the coming weeks,” Yahoo and Regent stated. Yahoo retains possession of Engadget, one other tech-oriented information website.
TechCrunch covers the enterprise of startups and entrepreneurs, enabling them to keep knowledgeable, join, and take motion as they construct the expertise companies that form the long run.
TechCrunch publishes information, podcasts, newsletters and movies concerning the tech world and hosts a number of in-person and digital occasions all year long, together with its flagship Disrupt convention and TC Early Stage.
In an announcement, Regent stated: “We’re excited to bring TechCrunch and Foundry into our portfolio. TechCrunch has been the number one publisher for all things startups since its founding in 2005, and we’re thrilled to expand its reach as it provides breaking technology news, opinions, and analysis on tech companies worldwide to our audience.”
Yahoo stated in an announcement: “TechCrunch has consistently stood out as a distinguished component of Yahoo’s portfolio, renowned for its original reporting, incisive analysis, and comprehensive industry coverage, distinct from our broader focus on news aggregation and innovative tools for users. We believe this next chapter under Regent can help maintain TechCrunch’s influence and support its continued growth.”
Yahoo added that the corporate “looks forward to a continued collaboration with Regent and TechCrunch, built upon a long-term partnership focused on expanding audience reach, fostering innovative content development, and creating mutual financial growth.”
Regent, based mostly in Beverly Hills, focuses on buying companies throughout numerous sectors together with retail, luxurious, media, expertise, automotive and industrial. Its media portfolio contains newspapers and magazines together with Sunset, Defense News, Military Times and broadcaster Cheddar TV.
TechCrunch was acquired in 2010 by AOL for $25 million. Verizon subsequently acquired each Yahoo and AOL and merged their manufacturers below the Yahoo umbrella; in 2021, Verizon bought Yahoo for $5 billion to private-equity agency Apollo Global.
Yahoo’s different manufacturers embrace Yahoo News, Yahoo Finance, Yahoo Sports, Yahoo Mail, Yahoo Search and AOL.
