Yahoo on Friday said it has struck a deal to sell TechCrunch, the 20-year-old tech journalism site, to Regent, a media investment firm.
Yahoo's business centers mostly on aggregation. Journalism isn't its core focus.
Regent is trying to pull together a portfolio of tech news sites and is eager to invest in news. Earlier this week, it acquired Foundry, which houses a slew of online tech publications, such as PCWorld, Macworld and TechAdvisor.
In a statement, Regent said it is "thrilled to expand its reach as it provides breaking technology news, opinions, and analysis on tech companies worldwide to our audience."
Financial deal terms were not disclosed. The deal will not require regulatory review, which is normally needed for deals valued at roughly more than $100 million.
