United States – TechCrunch, the influential tech news and analysis platform, has transitioned to new ownership, with private equity firm Regent acquiring it from Yahoo.
According to a post by editor-in-chief and general manager Connie Loizos, the financial terms of the sale remain undisclosed. However, TechCrunch emphasised that the deal with Regent is designed to ensure minimal disruption to its operations.
Aside from relocating offices, the company will see no major changes, with its current team of journalists remaining in place.
TechCrunch was part of Verizon’s media assets, including Yahoo. In 2021, Apollo Global Management acquired these assets for $5b and rebranded them under Yahoo.
With the latest ownership change, TechCrunch joins Regent’s expanding media portfolio. Notably, Regent has been growing its presence in tech media, recently acquiring Foundry—the parent company of PCWorld, Macworld, InfoWorld, CIO, and TechAdvisor—according to Reuters.
“As close followers of TechCrunch already know, this isn’t our first rodeo when it comes to new ownership. But what mattered most in this transition was ensuring that our team retains the freedom and support to do what we do best. With Regent, we have exactly that,” Loizos wrote.
Loizos also noted that Yahoo is retaining a small stake in TechCrunch rather than cutting ties entirely. She explained that Yahoo opted to sell TechCrunch because its focus and approach differ from the rest of Yahoo’s portfolio, which includes Yahoo Sports, Yahoo News, and Yahoo Finance.
“My personal thanks to Yahoo CEO Jim Lanzone, who has been an incredible mentor and sounding board and to whom I’m deeply grateful. So to Yahoo, thank you for standing by us through some tougher times. And to Regent, we love your enthusiasm for what we do, and we’re excited to embark on this next chapter with you,” she remarked.
