Cox Enterprises acquires digital media firm Axios
Reuters
Published Aug 08, 2022 15:23
Updated Aug 08, 2022 16:31
(Reuters) - Cox Enterprises said on Monday it has acquired digital media firm Axios as part of its ongoing efforts to further diversify the conglomerate.
The financial terms of the deal were not disclosed.
However, the New York Times earlier reported the deal valued Axios at $525 million, according to two people familiar with the matter.
Axios co-founders Jim VandeHei, Mike Allen and Roy Schwartz will continue to lead editorial decisions at Axios, Cox Enterprises said in a statement.
Cox, which operates Cox Automotive and Cox Communications, also owns the Atlanta Journal-Constitution, Dayton Daily News and other newspapers in Ohio.
Get The App
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.