A regent may technically be a temporary ruler, but the company of the same name is making a permanent mark in technology journalism with its second acquisition in less than week.
Media investment firm Regent is buying the TechCrunch start-up and technology news website from Yahoo for an undisclosed price.
This follows Regent’s acquisition of global media, data, and marketing services company Foundry from International Data Group (IDG) on 20 March.
Regent said TechCrunch had been the number one publisher for “all things start-ups” since its foundation in 2005 and it aimed to expand its reach in provided breaking technology news, opinions, and analysis on tech companies worldwide.
"We're excited to bring TechCrunch and Foundry into our portfolio,” Regent said in a statement.
Yahoo said although TechCrunch had consistently stood out as a distinguished component of its portfolio, its original reporting, incisive analysis, and comprehensive industry coverage was distinct from the company’s 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,” said Yahoo, which is 90% owned by private equity firm Apollo Global Management and 10% by Verizon Communications.
“Yahoo looks forward to a continued collaboration with Regent and TechCrunch, built upon a long-term partnership focused on expanding audience reach, fostering innovative.”
Foundry's portfolio includes CIO, Computerworld, Macworld and Tech Advisor.
