AOL is trying to sell TechCrunch and Engadget, plus a few other tech properties for $70-$100 million, Sarah Lacy at PandoDaily reports.There’s no reason given for why AOL would sell the sites. Our speculation: Tim Armstrong is a wheeler and a dealer.
However, spinning out AOL Tech for some cash doesn’t make a lot of sense to us. AOL’s whole strategy is to become a premier digital media site. Why dump two of its cornerstone properties? Imagine if it sold these sites and it spun out HuffPo. What would be left? The access business and Patch?
We’ll be digging into this some more today and will update when we hear more…