Twitter buys Posterous, but hints at closure

Twitter is buying blogging company Posterous, in a deal that seems targeted at the company's engineers, rather than its product, and could see Posterous Spaces closed down.

TechCrunch joins AOL 'for its software engineers'

As predicted, AOL yesterday announced that it's to buy TechCrunch, the technology blog founded by Michael Arrington, in a deal believed to be worth around $25 million.