AOL In Talks To Buy Gdgt, The Consumer Electronics Review Site Started By Former Engadget Founders

I'm hearing that gdgt (pronounced 'gadget'), the consumer electronics review site founded by Engadget co-founder Peter Rojas and former Engadget editor-in-chief Ryan Block, is in late-stage acquisition talks with AOL. Sources tell me that a deal appears to be nearing closure in a matter of days. I've reached out both to gdgt and to executives at AOL for confirmation or comment, but have not yet received a response. The latter is kind of awkward because they are technically my co-workers and/or superiors (disclosure: AOL owns TechCrunch,) but it is par for the course when it comes to M&A rumors. Also, it feels a bit strange to report on deals that are being worked on within my own (really big) company, but this is the word I'm hearing -- and in the end, after all, news is news.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/XW8oxAxu50U/

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