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Axios Sold to Cox Enterprises in $525 Million Deal

Todd Spangler NY Digital EditorAxios Media has been acquired by Cox Enterprises in a cash deal said to value the digital news company at $525 million.Media and publishing firm Cox Enterprises had taken a minority stake in Axios in November 2021. The $525 million deal price is about five times its projected 2022 revenue of more than $100 million, the New York Times reported.
variety.com

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