TechCrunch has a new owner, again. Yahoo has sold the tech news site to the private equity firm Regent for an undisclosed sum, according to an announcement on Friday, The Verge reported.
Regent is the same company that snapped up Foundry, the firm behind outlets like PCWorld, MacWorld, and TechAdvisor on Thursday. Founded in 2005, TechCrunch has experienced many shakeups in ownership after AOL acquired the site in 2010.
When Verizon acquire AOL in 2015 and Yahoo in 2017, the company folded TechCrunch, Engadget, Yahoo Sports, and other sites into a new devision called Oath, which later became Verizon Media. In 2021, Verizon sold its medallion division to Apollo Global Management for $5 billion, and it was renamed Yahoo!
“Yahoo decided to sell TechCrunch because, in the end, our DNA is simply different from the rest of its portfolio.” TechCrunch editor-in-chief Connie Loizos writes in the announcement, noting that Yahoo will still have a “small interest” in TechCrunch.
TechCrunch reported: If you haven’t heard the news, TechCrunch has a shiny new home. After years under the ownership of Yahoo — which, in turn, is backed by Apollo Group — the brand is now in fresh hands.
It’s new parent company: Regent, a dynamic and private equity firm with a diverse portfolio spanning media, retail, and manufacturing. Regent was founded 12 years ago by Michael Reinstein, a personal one-time startup founder who quickly realized he might have a brighter future as a PE executive and who has an undeniable passion for TechCrunch.
While the financial terms remain undisclosed, one thing is clear: Regent is acquiring an iconic brand. TechCrunch isn’t just a tech news site; its the most influential voice chronicling innovation in Silicon Valley and beyond. Getting featured in TechCrunch has long been a right of passage for startups, but our mission extends far beyond the industry insiders who make up our core readership.
We aim to give absolutely everyone a front-row seat to the future of technology. Whether your a founder, an investor, or someone who is curious about how tech is reshaping the world, we help you to see what’s next by reporting the news, then putting the pieces together to share the bigger picture.
Reuters reported: Yahoo has signed a deal to sell its 20-year-old news website, TechCrunch, to media investment firm Regent, the companies said on Friday.
TechCrunch, a popular online platform providing news and analysis on global tech companies, startups and entrepreneurs, was among the media assets of Verizon Communications, including Yahoo.
In 2021, private equity firm Apollo Global Management acquired media assets for $5 billion, subsequently rebranding the combined assets under the Yahoo name.
Regent has been actively expanding its tech news site portfolio, with recent acquisition of Foundry, the parent company of leading publications such as PCWorld, Macworld, InfoWorld, CIO, and TechAdviser.