Yahoo on Friday sold TechCrunch to Regent, a Los Angeles-based investment firm that has been on a recent media buying spree.
Terms of the deal were not disclosed.
Regent is adding the popular tech site a day after it acquired Foundry, which publishes outlets like PCWorld and TechHive, in a deal with International Data Group (IDG). The deals add to Regent’s growing portfolio of media brands, which also includes Cheddar News, the live streaming financial network.
“We’re excited to bring TechCrunch and Foundry into our portfolio,” Regent said in a statement. “TechCrunch has been the number one publisher for all things startups since its founding in 2005, and we’re thrilled to expand its reach as it provides breaking technology news, opinions, and analysis on tech companies worldwide to our audience.”
The acquisition comes just a few months shy of TechCrunch’s 20th anniversary, which the site will celebrate in June. TechCrunch has had a number of owners since launching, and prior to Friday’s deal, was most recently acquired by Apollo Global Management in 2021. That deal was part of Apollo’s purchase of Verizon Media, which brought Yahoo and AOL under its umbrella, along with TechCrunch; Apollo later made TechCrunch a part of Yahoo! Inc., a standalone company.
Beyond its coverage of the latest tech news and gadgets, TechCrunch also hosts conferences like its annual Disrupt summit. Past speakers at Disrupt include Meta chief Mark Zuckerberg and Snap CEO Evan Spiegel.
“We believe this next chapter under Regent can help maintain TechCrunch’s influence and support its continued growth,” Yahoo said in a statement. “Yahoo looks forward to a continued collaboration with Regent and TechCrunch, built upon a long-term partnership focused on expanding audience reach, fostering innovative content development, and creating mutual financial growth.”
The deal is expected to close “in the coming weeks,” Regent and Yahoo said in a joint statement.
