AOL to Acquire TechCrunch (AOL)
AOL Inc. (NYSE: AOL) today announced that it has agreed to acquire TechCrunch, Inc., the company that owns and operates TechCrunch and its network of websites dedicated to technology news, information and analysis.
TechCrunch and its associated properties and conferences will join the AOL Technology Network while retaining their editorial independence, further bolstering AOL's position as one of the world's leading providers of high-quality, tech-oriented content. The announcement will be made on stage at TechCrunch Disrupt in San Francisco, CA.
Shares of AOL are higher by nearly 3% this afternoon, to $24.21.
See Some of the Top Moving Indexes Here.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.