Announcing one of the jaw-dropping tech deals of the year, Yahoo sold its news website, TechCrunch, to media investment firm Regent. The financial terms of the deal are kept confidential. While making this big announcement, Yahoo stated
‘We believe this next chapter under Regent can help maintain TechCrunch’s influence and support its continued growth,’
TechCrunch: A First Go for Tech Readers
TechCrunch is a twenty-year-old online news website that provides analyzed news on startups, Big Five, and enterprises. At an event called ‘10 Years at TechCrunch’, the editor-in-chief of TechCrunch, Matthew Panzarino, stated
‘Since 2013, nearly 3 billion visitors have read what TechCrunch has to say about the world of startups. It’s been amazing to spend a decade at the startup ecosystem publisher of record, and it’s never been boring.
TechCrunch Disrupt for Startups
TechCrunch Disrupt is a platform for emerging startups to grow their business. This event was launched in 2007, and since then, it has become one of the most important tech events. This platform allows startups to share their business ideas and investment strategies. This event includes keynote speeches, panel discussions, and startup battlefield competitions, highlighting the broad vision of the digital news platform to make an impact in the tech industry by creating real opportunities.
TechCrunch Demography
According to Zippia,
TechCrunch is a demographically diverse company with 57 percent employees and 47 percent executives falling in minorities. Reportedly, there are 892 employees in TechCrunch with 25 percent women and 43 percent white. The platform gave a 6.5 diversity score to the news website company.
TechCrunch History
TechCrunch was created in 2005 by Michael Arrington. After five years, the platform was sold to AOL for $25 million. In 2015 AOL was purchased by telecom giant Verizon. Later on, in 2021, Apollo Global Management acquired the media assets for $5 billion. The company’s headquarters is located in San Francisco, CA.
With a major shift in TechCrunch’s upper echelon, it is to be seen what changes will be made in this popular digital news platform. Since its creation, the website has grown exponentially, attracting global tech readers. Now, the platform awaits new strategies, projects, and management.
