Saturday, March 31, 2007

TechCrunch Has Acquired

"It seems Mike Arrington has gotten the last laugh on more than a few bloggers — with his announcement that he has bought Even Dave Winer got reeled in by the news. I don’t know for sure, but I’m willing to bet that Mike got the idea after reading the Valleywag post about the sale of Fuckedcompany, which suggested Mike should buy it (my friend Steve O’Hear at ZDNet figured out the gag too)."

Here's his note:

"Tomorrow we will announce that we have acquired Philip “Pud” Kaplan’s in a stock for assets transaction. The basic details of the transaction are included in a press release that will go out around 9 pm PST tonight, and Pud has also mentioned this on his personal blog. We weren’t going to announce this for another week or so (even though I hinted at it on CrunchNotes), but too many people know about it already and news of it was starting to leak (see Wired and CNET as well). I don’t want to be in a position again where other sites are breaking our news, so we’re announcing officially this weekend.
We’ve been working on this deal for months, it is good that we are finally able to close and announce it.
FuckedCompany first went live in 2000, chronicling failing and troubled companies in its unique and abrasive style after the dot com bust. Within a year it had a massive audience and was getting serious mainstream press attention. As the startup economy became better in 2004, much of the attention the site received went away. But a large and loyal audience remains at the site, coming back day after day for its unique slant on the news. At its peak, FC had 4 million unique monthly visitors."

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