Yes, you read that right AOL. Yes AOL is still in business, they have just been spun away from Time Warner into an independent entity. Today, AOL made quite a splash by announcing that they were acquiring not only the web largest video syndication company in 5min Media, but also that they were acquiring the entire family of TechCrunch websites as well.
The 5min Media deal was announced earlier this morning and now makes AOL the owner of the Web’s largest video syndication platform. 5min Media is the world’s leading video syndication network with a library of more than 200,000 categorized, tagged, and rated videos from more than 1,000 of the world’s largest media companies and professional independent video producers. AOL is really making moves on the video front, in January, AOL acquired StudioNow, an online platform for quality video content creation and distribution.
Just a few moments ago, AOL released another press release saying that it had agreed to acquire TechCrunch, Inc. TechCrunch and its associated properties and conferences will join the AOL Technology Network while retaining their editorial independence (we hope). Founded by Michael Arrington, TechCrunch operates a global network of dedicated properties from Europe to Japan, as well as vertically-oriented websites, including MobileCrunch, CrunchGear, TechCrunchIT, GreenTech, TechCrunchTV and CrunchBase. For all intents and purposes, AOL now owns the two of the biggest tech sites on the web, TechCrunch and Engadget, whom they already owned. TechCrunch and Engadget are direct competitors, I wonder what this will do to that rivalry, guess we will have to wait and see. TechCrunch will remain headquartered in San Francisco, CA, as a wholly owned AOL unit.
The AOL Technology Network consists of AOL’s tech-oriented properties including Engadget, the Web magazine about everything new in gadgets and consumer electronics; Switched, which covers the intersection of the digital world with entertainment, sports, art, fashion and lifestyle; TUAW, the unofficial Apple weblog; and DownloadSquad, the weblog about downloadable software and other computer subjects. The AOL Technology Network ranks in the top five for tech news according to comScore Media Metrix, August 2010 data, and leads the top five in average time spent and average visits per user.
Terms for either deal were not disclosed.
AOL has announced another acquistion, yep that’s the third one…TODAY. AOL has acquired Thing Labs, Inc., whose Brizzly family of web-based social software makes it easy and fun for users to create, share, explore and enjoy content. The Brizzly team will play a key role in helping AOL provide consumers with the best possible venues to discover and share content with each other. Over time, AOL expects to integrate aspects of the Brizzly service into its popular Lifestream product, its social aggregator and publisher, and AIM, AOL’s flagship messaging platform.
Lifestream enables users to view status messages and posts from their friends on Facebook, Twitter, Foursquare, Delicious, Digg, Flickr, YouTube and much more – all in one place, from anywhere. Launched within AIM in 2009 and now also available as a standalone desktop product and on mobile platforms, it is one of the largest social aggregators on the Web, with more than four million unique visitors.*