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Techcrunch has just announced (what others were gossiping about) that they have acquired Fucked Company in a stock for assets transaction. I would call it a merger since they are reporting that the traffic at both the sites is almost the same size. The press release will be coming out shortly.

Fucked Company focuses on bad news (going bust and failures etc) about startups where as TechCrunch focuses on the positive ones (mergers, acquisitions, fundings, milestones etc). This is a terrific move and will ensure that they cover news at all times, both good and bad. Because in order to cover news you got to have it in the first place, and Techcrunch might run out of news to cover if the bust sets in.

This has also started a cycle of mergers and acquisitions that Mike hinted at on bringing Heather Hardee in as CEO of TechCrunch. The No 1 Startup Blog is really becoming a publishing company fast. However it saddened me a little bit, because the move hints that TechCrunch is now betting on a bust and will no longer be covering startups

Entrepreneurs with new ideas will always have a way to reach potential users and customers. They just won’t be able to do it here any more.

That will be a big shock to many.