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08.08.2022 / 17:29

Axios To Sell To Cox Enterprises In Deal Valued At $525 Million

Axios, the digital media startup covering politics, technology and media, has agreed to be purchased by Cox Enterprises, the communications, automotive and media company.

Mike Allen Dayton Daily News Atlanta Digital CEO Enterprise

08.08.2022 / 17:51

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.

Mike Allen Dayton Daily News New York Atlanta Germany state Ohio reports Digital Enterprise

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