ICYMI: The Man Behind Netflix’s Big Spender Strategy for Content Read Now

Axios co-founder Mike Allen. Photo by Bloomberg.
Exclusive
Media/Telecom

Axel Springer Is in Talks to Buy Axios

Photo: Axios co-founder Mike Allen. Photo by Bloomberg.

German media conglomerate Axel Springer is in talks to acquire Axios, according to people familiar with the matter, continuing a consolidation of the digital media sector. The valuation under discussion is around $400 million, said one of the people.

Axel Springer already owns Insider and is an investor in Group Nine Media, owner of digital sites such as The Dodo and news site NowThis.

Axios, started by journalists Jim VandeHei and Mike Allen in 2016, was recently in talks to merge with sports-focused digital media company The Athletic but those talks are no longer active, The Wall Street Journal reported.

Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Latest Articles
 
Coinbase Pulls Back Its Startup Investing as Others Weigh Options
By Aidan Ryan · June 28, 2022 12:11 PM PDT
Coinbase CEO Brian Armstrong. Photo: Bloomberg
Investors are fleeing crypto as the markets collapse. So will big crypto companies keep pumping money into startups to help the fledgling industry stay afloat? So far, the data is mixed. On one hand, industry giant and once prolific investor Coinbase has been tapping the brakes. Its venture arm, Coinbase Ventures, invested in just eight companies in June—including decentralized crypto...
Latest Briefs
 
Disney’s Board Renews Chapek’s Contract for Three Years
By Jessica Toonkel · June 28, 2022
Pinterest’s Silbermann Steps Down
By Jessica Toonkel · June 28, 2022
StockX Cuts 8% of its Staff
By Malique Morris · June 28, 2022
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.
Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
Amazon's logo on a tent at Cannes this week. Photo by Reuters.
Amazon
Amazon’s Ad Staffers Flee Amid Complaints of Bloat, Bureaucracy
By Mark Di Stefano and Jessica Toonkel
In the years immediately before Covid-19 sidelined the global advertising festival in Cannes, Amazon kept a low-key presence at the annual gathering of ad and tech people.
Crypto Markets
Tech’s Worst-Timed Deals: Six Acquisitions That Have Not Improved With Age
By Martin Peers
As tech valuations collapse to a fraction of where they were last year, executives likely have a few regrets.
Art by Clark Miller
Scene and Heard Crypto Culture
‘The Last Great Party’: With Crypto Winter Coming, NFT Lovers Try to Stave Off Reality
By Margaux MacColl
Ten days before NFT.NYC began last Monday in New York, I interviewed the conference’s founder, Jodee Rich, about how the crypto market’s collapse would impact this year’s gathering.
Tesla's Fremont factory, in a photo taken in May 2020.
Exclusive Autonomous Vehicles
At Tesla, Returning to the Office Creates New Problems
By Becky Peterson
On the evening of June 8, speaking from Tesla’s factory in Fremont, Calif., Elon Musk addressed a few dozen of the electric car maker’s employees in person, and thousands more in a livestream.
Signage at VidCon 2016. Photo by Shutterstock
VidCon Returns as Chill Falls on Creator Economy
By Kaya Yurieff
VidCon, the annual gathering of social media creators, fans and industry representatives, will descend on Anaheim, Calif., Wednesday for the first time since 2019.
Opinion Media/Telecom
The Question Plaguing Connected TV: Who’s Watching?
By Andrew A. Rosen
PARQOR is part of The Information’s newsletter network. To receive it in your inbox every Monday, Wednesday and Friday, sign up here .