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TechCrunch Founder Michael Arrington Parts Ways with AOL

Michael Arrington has finally parted ways with AOL after a week long tussle with the internet company.

AOL had, a few months back, acquired technology blog TechCrunch, which was founded by Arrington, for $30 million.

Things were going smooth till Arrington decided to start a new venture capital firm called CrunchFund, which would help power the start-ups that sometimes feature on the TechCrunch blog.

Despite the fact that AOL was backing the fund, it was against Arrington being on the TechCrunch blog, which covers start-ups and on a company that funds start-ups at the same time.

“It is no longer a good situation for me to stay,” Arrington said recently at a conference in San Francisco, WSJ reported. AOL meanwhile has said that it will continue to back his venture capital company.

The company has named Erick Schonfeld, a long time TechCrunch employee, as the new editor of the website. Schonfeld had joined TechCrunch back in 2007.

AOL will now have a hard time maintaining traffic on the website now that Arrington, who was known for its outspoken demeanour and Silicon Valley connections, has left the website.