Investing.com -- Yahoo has announced the sale of its technology news website, TechCrunch, to media investment company Regent. The deal was announced on Friday, marking another change in ownership for the 20-year-old tech news platform.

TechCrunch, a widely recognized online platform that offers news and analysis on global tech companies, startups, and entrepreneurs, was part of the media assets of Verizon Communications (NYSE: VZ ), which included Yahoo.

In 2021, Apollo Global Management (NYSE: APO ), a private equity firm, purchased these media assets for $5 billion. The assets were then rebranded under the Yahoo name.

Regent, the new owner of TechCrunch, has been actively growing its tech news site portfolio. The firm recently acquired Foundry, the parent company of several leading publications such as PCWorld, Macworld, InfoWorld, CIO, and TechAdvisor.

The financial details of the TechCrunch deal have not been disclosed, but it is expected to conclude in the coming weeks.

In a statement, Yahoo expressed its belief that the sale to Regent could aid in maintaining TechCrunch’s influence and support its ongoing growth.

Yahoo’s portfolio includes a variety of news sites such as Yahoo Finance, Yahoo Sports, and Engadget, as well as other services like Yahoo Mail and Yahoo Search.

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