Politico in a deal said to be valued at more than $1 billion. Around the same time, Nexstar Media Group Inc. acquired The Hill, which focuses on political news, for $130 million.
Axios Chief Executive Officer Jim VandeHei told the New York Times the founders opted to sell now because Cox offered a fair price, allowing early investors like NBCUniversal and Emerson Collective to get a substantial return. The company’s 2022 revenue is projected to be more than $100 million, a person familiar with the deal told the Times.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Business Maverick: UK economy probably entered its worst slump since lockdownThe UK economy probably shrank for the first time since the country was in a coronavirus lockdown at the start of 2021, adding to pressure for action from the contenders vying to take over as prime minister.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Ships resume Taiwan routes as China drills remain unclearShipping in the Taiwan Strait showed signs of returning to normal, despite a lack of clarity over whether China’s military exercises around the island have ended. But China’s defence ministry has defended its shelving of military talks with the United States in protest against House Speaker Nancy Pelosi’s visit to Taipei last week, warning that Washington must bear “serious consequences”.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Senate passes Democrats’ landmark tax, climate, drugs billThe US Senate passed a landmark tax, climate and health-care bill, speeding a slimmed-down version of President Joe Biden’s domestic agenda on a path to becoming law after a year of Democratic infighting that the White House was unable to control.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Stocks, US futures dip amid worries over Fed hikes: markets wrapAn Asian stock gauge slipped along with US equity futures on Monday, hampered by expectations of further aggressive Federal Reserve interest-rate hikes to tackle the highest inflation in a generation.
Source: dailymaverick - 🏆 3. / 84 Read more »