March 21 (Reuters) - Yahoo has signed a deal to sell its
20-year-old technology news website, TechCrunch, to media
investment firm Regent, the companies said on Friday.
TechCrunch, a popular online platform providing news and
analysis on global tech companies, startups and entrepreneurs,
was among the media assets of Verizon Communications ( VZ ),
including Yahoo.
In 2021, private equity firm Apollo Global Management ( APO )
acquired the media assets for $5 billion, subsequently
rebranding the combined assets under the Yahoo name.
Regent has been actively expanding its tech news site
portfolio, with its recent acquisition of Foundry, the parent
company of leading publications such as PCWorld, Macworld,
InfoWorld, CIO, and TechAdvisor.
The financial terms of the deal, which is expected to close
in the coming weeks, were not disclosed.
"We believe this next chapter under Regent can help maintain
TechCrunch's influence and support its continued growth," Yahoo
said in a statement.
Yahoo hosts a suite of news sites, including Yahoo Finance,
Yahoo Sports and Engadget, in addition to other services like
Yahoo Mail and Yahoo Search.