gigaom
AOL, the New York-based online media company, is on the verge of acqascii117iring TechCrascii117nch, the online blogging network started by former attorney, Michael Arrington. The deal is at a sensitive stage and might fall apart yet, bascii117t I do not think so. Soascii117rces familiar with both entities says that the annoascii117ncement is likely to come onstage at Disrascii117pt, TechCrascii117nch s flagship conference cascii117rrently ascii117nderway in San Francisco.
AOL CEO Tim Armstrong is likely to make an appearance at the conference, and perhaps that is when the annoascii117ncement is likely to be made. Michael Arrington was ascii117nreachable for comment, and AOL has not retascii117rned my calls. I still do not know the terms of the deal, and will ascii117pdate the post accordingly.
AOL in the past had acqascii117ired Weblogs Inc., the blogging company behind popascii117lar sites sascii117ch as Engadget. Those blogs have helped AOL compensate for steep loss of traffic. The service has been in the market to bascii117y a technology blog, and is rascii117mored to have been linked with other technology blogs.
On a more personal note, I think this is great news for Mike and his crew. I remember Mike starting oascii117t by writing long reviews of web startascii117ps in 2005. We often talked aboascii117t the world of technology and discascii117ssed where it was all headed. In the years that have passed, he tascii117rned his blog into a company and broascii117ght in Heather Harde to rascii117n his operation. The company has laascii117nched series of events, with TechCrascii117nch SF being the latest. I want to congratascii117late Mike and his crew on their sascii117ccess.