and lifestyle; TUAW, the unofficial Apple weblog; and DownloadSquad,the weblog about downloadable software and other computer subjects.The AOL Technology Network ranks in the top five for tech newsaccording to comScore Media Metrix, August 2010 data, and leads thetop five in average time spent and average visits per user.This acquisition will further AOL’s strategy to become the global leaderin sourcing, creating, producing and delivering high-quality, trusted,original content to consumers. TechCrunch will remain headquarteredin San Francisco, CA, as a wholly owned AOL unit. Deal terms were notdisclosed.
This press release contains “forward-looking” statements within themeaning of the Private Securities Litigation Reform Act of 1995regarding business strategies, market potential, future financial andoperational performance and other matters. Such forward-lookingstatements include, but are not limited to, statements regarding theanticipated benefits of the transaction and other statements identifiedby words such as “may,” “will,” “intend,” “should,” “expect” or similarexpressions. These statements are based on management’s currentexpectations and beliefs, and are subject to uncertainty and changesin circumstances, including, but not limited to, the satisfaction of theclosing conditions to the transaction and the parties’ performance of their obligations under the agreements; changes in our plans,strategies and intentions; the competitiveness and quality of ourproducts and services; our ability to retain, hire and develop keyemployees; and the intensity of competition. Any forward-lookinginformation is not a guarantee of future performance and actualresults may vary materially from those expressed or implied by thestatements herein, due to changes in economic, business, competitive,technological, strategic and/or regulatory factors, as well as factorsaffecting AOL’s operations and businesses. More detailed informationabout these factors as they relate to AOL may be found in the sectionentitled “Risk Factors” in AOL’s Annual Report on Form 10-K, filed with