Regent Acquires TechCrunch
Regent Group of Companies, Inc. of the United States announced on March 25 that it had reached an agreement with Yahoo! to purchase TechCrunch, a technology media company. The deal is expected to be completed within a few weeks.
Among numerous tech media, TechCrunch, founded 20 years ago, is known for its focus on technology entrepreneurship and investment.
And on the 20th of this month, Regent announced the completion of its acquisition deal with IDG’s Foundry Media, adding PCWorld, Macworld, TechAdvisor, and other online technology publications to its portfolio.
Okay, I'm ready. Please provide the content you want me to translate.
We are excited to welcome TechCrunch and Foundry to our portfolio. Since its founding in 2005, TechCrunch has been the premier publisher for all things startups, and we are thrilled to expand its reach, providing our audience with breaking tech news, perspectives, and analysis on global tech companies.
Axios reported that Regent's acquisition announcement did not mention the need for regulatory approval, and deals valued at $100 million typically require regulatory review, implying that the value of the TechCrunch deal should be less than $100 million (IT之家 note: approximately 726 million yuan at current exchange rates).
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