AOL Confirms gdgt Acquisition, Quests For tch Domination

AOL (owners of TechCrunch) today is taking one more step to build out its content empire: it has officially confirmed the acquisition of technology reviews site gdgt -- first reported by TechCrunch nearly two weeks ago. Gdgt itself is announcing the news on its own site, and a spokesperson from AOL has also confirmed the news to TechCrunch directly. Financial terms of the deal have not been disclosed, but we have heard that the deal was in the high seven figures, and that there was another -- higher -- offer from another company but that gdgt's co-founders, Ryan Block and Peter Rojas, went with AOL because it was a better fit.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/82NvR2ew6k4/

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