After Verizon struck an agreement to buy AOL in a 4.4 billion dollar deal, the latter's CEO Tim Armstrong has gone on record to say that TechCrunch is not getting sold-off.
While the deal may mean that AOL will spin-off its news website, The Huffington Post, but the company is keen on keeping TechCrunch in the content business, reported TechCrunch.
Armstrong said that the website was keeping all options on the table but added that there will be editorial independence. He also said that from the point of view of distribution and resource, the deal was the most exciting they could have done.
The report said that the deal is mostly about AOL's ad business. Verizon's John Stratton, too, said that the principal principal interest was around the ad tech platform.
