Axios agreed to sell to Cox Enterprises for an estimated $525 million, the companies announced on Monday.
Cox Enterprises, a global media company with 50,000 employees, is Axios’ most recent lead investor.
Axios CEO and co-founder Jim VandeHei celebrated the deal.
“This is great for Axios, for our shareholders and American journalism. It allows us to think and operate generationally, with a like-minded partner — and build something great and durable that lives long after we are gone,” he said, Axios reported.
Read More