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Tim Armstrong Refutes Engadget, TechCrunch Sale

AOL CEO Tim Armstrong has refuted a rumor from earlier today that AOL is planning to sell Engadget and TechCrunch. He explained to AdertisingAge that the company has explored outside partnerships for investments opportunities. But a sale? Nope.

“We are planning to invest in those properties, not sell [them]” Armstrong told AdAge.

Now who/what do you believe? Armstrong or the rumor? Either way, there’s probably a lot more to this story.

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