AOL Planning to Buy Gdgt, Consumer Electronics Review Site
Its rumours around that AOL is in talk to buy popular consumer electronics review website gdgt. Gdgt was founded by Engadget co-founder Peter Rojas and former Engadget editor-in-chief Ryan Block.
No one from the both companies want to say anything on this matter now. AOL has previous records of acquiring this kind of popular tech blogs. AOL has a long list of technology and gadget blogs acquired in past few years. It includes huffingtonfpost, Techcrunch and many more.
Gdgt gas staff of about 20 people. Gdgt’s parent company PastFuture has raised $3.7 million from investors including Spark Capital, True Ventures, betaworks, AOL Ventures, Lerer Ventures, and others. This is not the first time when Gdgt is in this situation. In the past, company received interest from CBS, Amazon, and CNET.
Gdgt has 60,000 and 140,000 unique visitors over the past years. We can not say the deal amount at this time. But we are trying to know more in this matter.
Gdgt founder Peter Rojas sayid to businessinsider, “I can’t comment either way, you know the drill.”