AWOL confirms it's bought Tech Crunch -

Updates to this story

TechCrunch - described as a Silicon Valley bog - was bought by AOL today, along with a video company called 5 Min Media that's no relation at all. The Crunchie deal has been on the cards for a little while.

Although it's a private transaction, insiders reckon AOL bought TechCrunch for between $35 million to $40 million - Michael Arrington's bog has around 35 million page views per calendar month, so that's $1 a page view.

Which doesn't seem that bad for Arrington's vehicles.

AOL is apparently making a bid to be acquired itself. There is practically no other notion that can make sense of its bid for the two sites.

Pictured here is the CEO of AWOL, one Tim Armstrong.