Techvision24 Desk: Yahoo has signed an agreement to sell its long-standing technology news website, TechCrunch, to media investment firm Regent, the companies announced on Friday.
TechCrunch, a well-known online platform covering global tech companies, startups, and entrepreneurs, was previously part of Verizon Communications’ media assets, which also included Yahoo.
In 2021, private equity firm Apollo Global Management acquired these media assets for $5 billion and subsequently rebranded them under the Yahoo name.
As part of its strategy to expand its portfolio of technology news platforms, Regent recently acquired Foundry, the parent company of leading tech publications such as PCWorld, Macworld, InfoWorld, CIO, and TechAdvisor.
The financial details of the TechCrunch acquisition have not been disclosed, but the deal is expected to be finalized in the coming weeks.
“We believe this next chapter under Regent will help maintain TechCrunch’s influence and support its continued growth,” Yahoo said in a statement.
Yahoo continues to operate several news platforms, including Yahoo Finance, Yahoo Sports, and Engadget, alongside services like Yahoo Mail and Yahoo Search.
