US news website Axios agrees $525m sale to Cox Enterprises
by Edward Helmore from on (#629K0)
Axios, whose founders launched site in 2016, to be taken over by legacy publisher that owns US regional newspapers
For $525m, Axios - publisher of punchy, notated news briefs - is set to be acquired by Cox Enterprises, a legacy publisher that owns a series of US regional newspapers.
The cash deal, announced Monday, is expected to close in the next few weeks and marks a significant moment in the growth of the news outlet, which was founded in 2016 by the same journalists who launched Politico in 2007.
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