TechCrunch has a new owner: Yahoo sold the tech-news site to investment company Regent for an undisclosed amount.
The announcement of deal comes a day after news that Regent acquired Foundry, home of PCWorld, Macworld, InfoWorld, CIO, TechAdvisor and other tech publications, from International Data Group (IDG).
Financial terms of the deals for TechCrunch and Foundry were not disclosed. The deal for TechCrunch is expected to close “in the coming weeks,” Yahoo and Regent said. Yahoo retains ownership of Engadget, another tech-oriented news site.
TechCrunch covers the business of startups and entrepreneurs, enabling them to stay informed, connect, and take action as they build the technology businesses that shape the future.
TechCrunch publishes news, podcasts, newsletters and videos about the tech world and hosts several in-person and virtual events throughout the year, including its flagship Disrupt conference and TC Early Stage.
In a statement, Regent said: “We’re excited to bring TechCrunch and Foundry into our portfolio. TechCrunch has been the number one publisher for all things startups since its founding in 2005, and we’re thrilled to expand its reach as it provides breaking technology news, opinions, and analysis on tech companies worldwide to our audience.”
Yahoo said in a statement: “TechCrunch has consistently stood out as a distinguished component of Yahoo’s portfolio, renowned for its original reporting, incisive analysis, and comprehensive industry coverage, distinct from our broader focus on news aggregation and innovative tools for users. We believe this next chapter under Regent can help maintain TechCrunch’s influence and support its continued growth.”
Yahoo added that the company “looks forward to a continued collaboration with Regent and TechCrunch, built upon a long-term partnership focused on expanding audience reach, fostering innovative content development, and creating mutual financial growth.”
Regent, based in Beverly Hills, focuses on acquiring businesses across diverse sectors including retail, luxury, media, technology, automotive and industrial. Its media portfolio comprises newspapers and magazines including Sunset, Defense News, Military Times and broadcaster Cheddar TV.
TechCrunch was acquired in 2010 by AOL for $25 million. Verizon subsequently acquired both Yahoo and AOL and merged their brands under the Yahoo umbrella; in 2021, Verizon sold Yahoo for $5 billion to private-equity firm Apollo Global.
Yahoo’s other brands include Yahoo News, Yahoo Finance, Yahoo Sports, Yahoo Mail, Yahoo Search and AOL.