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Yahoo sells TechCrunch to investment firm in strategic deal

Yahoo sells TechCrunch to media investment firm Regent in a finalized deal, the companies announced on Friday.

TechCrunch, known for its in-depth coverage of global tech companies, startups, and entrepreneurs, was previously part of Verizon Communications’ media assets, which were acquired by Apollo Global Management in 2021 for $5 billion. Following the acquisition, Apollo rebranded the combined media assets under the Yahoo name.

Regent, which has been expanding its portfolio of tech news sites, recently acquired Foundry, the parent company of well-known publications like PCWorld, Macworld, InfoWorld, CIO, and TechAdvisor.

“We believe this next chapter under Regent can help maintain TechCrunch’s influence and support its continued growth,” Yahoo said in a statement.

The financial details of the transaction, expected to close soon, were not disclosed. Yahoo continues to manage several major news platforms, including Yahoo Finance, Yahoo Sports, and Engadget, alongside its services like Yahoo Mail and Yahoo Search.

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BRL Editorhttps://businessreviewlive.com
Business Review Live covers finance, technology, travel, lifestyle, and everything in between through exclusive interviews and analysis, market statistics, digital video, and an expanded array of content formats.