Step 1 Of Take Over Of American Companies – Merger with target company announced.
One year ago at his annual TechCrunch Disrupt conference, Michael Arrington — founder of the blog that functions as Silicon Valley’s hometown newspaper — took the stage and shocked the audience with a deal to sell his venture to AOL.
Step 2 Of Take Over of American Companies – Kick Out Original Successful Creators Of Company.
That deal came crashing down Monday, when Arrington kicked off the opening day of this year’s TechCrunch Disrupt by announcing his departure.
“It’s a sad day for me because I built this, and I built the team that built this,” said a visibly somber Arrington. “Unfortunately, I’m going to be the first to leave. It’s no longer a good situation for me to stay at TechCrunch.”
Step 3 Of Take Over Of American Companies – Put Israeli In Charge Of Company
TechCrunch’s parent company, AOL, released a statement during Arrington’s announcement naming “Erick Schonfeld” editor of the blog.