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CEO Tim Armstrong Says AOL Is Staying In The Content Business (And He’s Not Selling TechCrunch)

It was an interesting day at AOL. As you probably saw, Verizon has reached an agreement to acquire AOL for $4.4 billion. There’s a general feeling that this deal was mostly about AOL’s ad business (Verizon’s John Stratton said “the principal interest was around the ad tech platform“) — so what does that mean for the websites that AOL owns, ... Read More »

AOL.com Unveils A Mobile- And Video-Centric Redesign

AOL.com is getting a new look. Unless you’re a regular visitor, the changes might not seem all that dramatic, but Maureen Sullivan, President of AOL.com and the company’s lifestyle brands, told me that the site has been revamped to optimize for the mobile experience, and to put video front-and-center. In addition, the redesign reflects a new curation process, with Sullivan’s ... Read More »

Verizon Completes Its Acquisition of AOL For $4.4B

Well, that was fast: Verizon has just announced that it has completed its acquisition of AOL, owner of TechCrunch, purchasing all outstanding shares for $50 per share in cash for a total price of $4.4 billion. The sale was originally announced just over a month ago. As Verizon said at the time of the original announcement that it was buying AOL, ... Read More »

Microsoft Will Power AOL Search, Transfer Some Advertising Work As It Sheds Hundreds Of Employees

Update: In an interview, Microsoft indicated that Bing now doesn’t lose money. That’s several quarters ahead of its stated public cashflow schedule.  Following the news that it will shed around 100 employees to Uber in a mapping technology deal, Microsoft announced this afternoon that it will now power AOL’s search property, and will apportion parts of its advertising work into ... Read More »

11 TechCrunch Stories You Don’t Want To Miss This Week

This week in tech, we got introduced to Apple Music, learned that Microsoft and AOL will enter a partnership, and much more. These are the stories to catch you up on this week’s news. 1. Apple Music launched, and Josh Constine gave us a first look at the service, determining that it is for people who have no idea what to ... Read More »

Sources: Aol/Verizon Eyes Millennial Media For Around $300M In Mobile Ad Push

AOL, recently acquired by Verizon for $4.4 billion, appears to be wasting little time in continuing to build out its advertising business. Sources tell TechCrunch that the company has been in the process of buying mobile ad network Millennial Media. AOL started “kicking the tires” on Millennial weeks ago, one source says, but things were slowed down by AOL itself getting acquired by Verizon. ... Read More »

Have A Hardware Startup? Launch In TechCrunch’s Hardware Battlefield At CES

Hardware Battlefield is back! We’re excited to announce that for the third year in a row, TechCrunch is hosting a startup competition at CES that focuses on hardware companies. We want to help you launch your company at the world’s largest consumer electronic tradeshow. Time is running out to enter your company. Submit your application by November 18 at 9pm ... Read More »

AOL Acquires Photo And Messaging Startup Kanvas Labs

AOL is announcing another acquisition — Kanvas Labs, maker of mobile social apps. An AOL spokesperson told me that the company will continue to offer the existing Kanvas Labs products. Those include photo editing app Kanvas; Kanvas Keyboard, which allows users to add GIFs and stickers to their mobile conversations; and Kanvas for Messenger, which integrates the startup’s products into Facebook Messenger. ... Read More »

Verizon Is Changing Its Logo, Too

According to AdAge, our corporate overlord Verizon will be introducing a new logo this week. Proving that we have little or nothing to do with AOL or Verizon really, this was also news to us. UPDATE: Verizon has confirmed the change with what looks like a rush job on the press release. If you’re interested in seeing their reasoning for ... Read More »

AOL Confirms It Is Buying Millennial Media In $238M Deal To Expand In Mobile Ads

This just in: AOL, itself acquired by Verizon for $4.4 billion earlier this year, has announced that it is making another purchase of its own. It is buying Millennial Media as it continues to build out its presence in digital advertising and specifically mobile ads. AOL will be paying $1.75/share for publicly traded Millennial, working out to an enterprise value of $238 ... Read More »

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