Tuesday, September 28, 2010

Newest Seattle Entrepreneur With An Exit: Michael Arrington

Controversial blog mogul Michael Arrington is Seattle's latest entrepreneur with an exit, after AOL said Tuesday that it has acquired TechCrunch. Financial terms of the deal were not disclosed, although the deal has reported by some sources to been worth around $25M. According to AOL, TechCrunch will remain in San Francisco, as a wholly owned unit of AOL. TechCrunch was started by Arrington, who moved up to Seattle in May to be closer to his parents. Arrington splits his time between Seattle and San Francisco.