Wednesday, September 29, 2010

AOL Buys TechCrunch, 5Min and Thing Labs -

More AOL details

AOL paid roughly $65 million for 5min and around $30 million for TechCrunch, according to people familiar with the matter. The third deal was said to be even smaller. Thing Labs makes Brizzly, an online application that allows users to post and read updates to Twitter and Facebook from one website.

But, for AOL, a lot is at stake.

In the second quarter of the year, AOL's revenue plunged 26%, and subscription and advertising revenue each fell 27%. Unique monthly U.S. visitors to AOL sites declined 3% from February to August, according to comScore.



AOL Buys TechCrunch, 5Min and Thing Labs -

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