TechCrunch Gets a Crunchy Deal: Yahoo Sells It to Investment Firm!

Yahoo announced its sale of its hit tech news site TechCrunch to Regent, a media investment firm, following the acquisition by Regent of Foundry, parent company to publications like PCWorld and Macworld, weeks earlier. The acquisition, expected to be finalized in the coming weeks, marks a significan...

Yahoo announced its sale of its hit tech news site TechCrunch to Regent, a media investment firm, following the acquisition by Regent of Foundry, parent company to publications like PCWorld and Macworld, weeks earlier. The acquisition, expected to be finalized in the coming weeks, marks a significant shift for TechCrunch, which has been one of the leading voices in Silicon Valley since its inception in 2005. Regent is looking to expand TechCrunch's readership, leveraging its portfolio in order to deliver breaking tech news and analysis to the globe. Yahoo will continue in association with Regent, with a view to expanding audience as well as developing innovative content. The sale allows Yahoo to refocus its portfolio, with a concentration on core brands like Yahoo Finance and Yahoo Sports. The financial details of the deal are not available, although it marks Regent's growing profile in the tech media landscape. Source: Axios, Reuters, The Verge