As an update to our post from last night about the possible sale of TechCrunch's parent company AOLTech, AOL CEO Tim Armstrong flatly denied the rumors.

“We don’t have any interest in selling TechCrunch or Engadget,” he said firmly. “Our number one goal basically has been to scale them up. At this point, it’s likely we’ll just end up investing ourselves.”

TechCrunch itself covered the rumors, saying that the situation was rooted in a stunted spinoff and suggesting PandoDaily, run by former TC staffer Sarah Lacy, got caught up in its own issues when reporting the story: “We figure this story got skewed because PandoDaily is going through its own troubles, and looking for a target to project its drama onto; Sometimes not wanting to seem weak makes you seem weak.”