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TechCrunch now a sister site of Download Squad

Tim Armstrong and Mike Arrington

There were rumors about it yesterday, but today we find out that it actually happened: AOL has purchased TechCrunch, one of the biggest blogs (and blog networks) in the technology industry. AOL CEO Tim Armstrong announced the news this morning at TechCrunch's Disrupt conference, noting that TechCrunch will become part of the AOL Technology Network that includes sites like Engadget, Switched, The Unofficial Apple Weblog, and Download Squad.

Read more about it in the press release posted on TechCrunch by Tim Armstrong himself.

Tags: aol, blogs, news, press release, PressRelease, techcrunch, techcrunch disrupt, TechcrunchDisrupt, technology, technology industry, technology network, TechnologyIndustry, TechnologyNetwork, tim armstrong, TimArmstrong