Axios agrees to sell itself to Cox Enterprises in $525 million deal
CNN
Axios, the buzzy digital media venture founded in in 2017, will sell itself to Cox Enterprises, the two companies announced on Monday.
The deal, which is expected to close this month, values Axios at $525 million, a person familiar with the matter told CNN.
Axios is known for delivering news in brief stories that are comprised of bite-sized pieces of information. The publication is also known for its popular newsletters that often drive the national conversation, especially in Washington, DC.
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President Joe Biden warned against a streak of “semi-isolationism” in the US as he stressed the importance of alliances during a symbolic visit to the Aisne-Marne American Cemetery on Sunday, honoring the thousands of Americans who died in World War I at a site former President Donald Trump skipped during a 2018 visit to Paris.