Yahoo sells tech news website TechCrunch to Regent

Yahoo has finalized an agreement to sell TechCrunch, the well-established technology news website, to the investment firm Regent. This development marks another change in ownership for TechCrunch, a platform renowned for its coverage of Silicon Valley startups and technology trends.

The acquisition by Regent signals the firm's strategic move to expand its portfolio of tech-focused media outlets. This follows Regent's recent acquisition of Foundry, which encompasses publications such as PCWorld, Macworld, and TechAdvisor.

Key points of the deal include:

 Strategic Shift:

Yahoo's decision to divest TechCrunch aligns with its focus on core consumer properties like Yahoo Mail, Yahoo Sports, and Yahoo Finance.

 Regent's acquisition reflects its ambition to consolidate and grow its presence in the tech news sector.

Ownership Changes:

TechCrunch, founded in 2005, has experienced several ownership transitions, including its time under AOL and Verizon, before becoming part of Yahoo under Apollo Global Management.

Financial Details:

The financial terms of the acquisition have not been publicly disclosed.

Future Collaboration:

Yahoo has indicated that it intends to maintain a long-term partnership with Regent and TechCrunch, with a focus on expanding audience reach and fostering content development.
This acquisition raises questions about the future direction of TechCrunch, but also shows the continued change happening within digital media.

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