NBC Universal invests $200m in Vox Media
by Mark Sweney from Technology | The Guardian on (#H8PR)
Digital media business with brands including sport, tech and news valued at $1bn, with NBC said to be close to investing further $200m into BuzzFeed
NBC Universal has made a $200m (128m) investment in Vox Media and is reportedly poised to sink a similar amount into BuzzFeed.
Vox - which owns eight brands including sports-focused SB Nation, video game site Polygon, technology site The Verge and news site Vox.com - said the strategic partnership would further help to grow its business. The NBC deal values Vox at $1bn.
Continue reading...