AOL CEO Tim Armstrong announced this morning that AOL had acquired “hyper-local” news site Patch (Armstrong is an investor) and Going.com, which began as a travel site but has turned into something like a combination of Yelp and Zvents.
I would say these acquisitions represent AOL’s increasing commitment to the local segment (or the relationship between online and the real world, shall we say). The company has an extremely strong portfolio of local content and sites MapQuest (+Local), AOL Cityguide, When (Zvents), yellow pages, City’s Best, moviefone, etc. It also has strength in mobile as well. Many of these properties will eventually show up there. MapQuest has been on mobile for a long time and continues to improve and increase its presence on mobile devices.
TechCrunch has a copy of Armstrong’s “letter to the troops” announcing the acquisitions.