Purch Tech Website Network Raises Up to $60 Million

Fortune: Purch, a network of websites about technology, is said to be raising a new round of funding worth $50 million to $60 million. The round would include a mix of secondary and primary stock. The sources put the valuation in the range of $175 million and $250 million. Originally known as TechMedia Network, the company has expanded from its beginnings in 2003 into a large network of sites, including Tom’s Guide and TopTenReviews, boasting an audience of 100 million readers.