AOL to Buy TechCrunch; Reported Price Tag is $25 Million

AOL has announced that it is buying the San Francisco-based tech industry blog TechCrunch, an influential business news site that has built a strong following in Silicon Valley.

Initial reports suggest the acquisition price — which has not been publicly disclosed by either party — was on the order of $25 million, with CNBC reporting a figure of $40 million. The Business Insider, another business news blog, calls $25 million “a surprisingly low figure,” given TechCrunch chief Michael Arrington's past claims that his company's revenue is about $10 million.

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