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Axios Selling Itself to Cox Enterprises for $525 Million

By
Stephen Council
· · Source: The Information

Axios is selling itself to Cox Enterprises for $525 million, the companies announced Monday, in an all-cash deal that will keep Axios’ founders in charge and fund the digital media company’s push to grow its professional and local news offerings. The deal, set to close this month and first reported by The New York Times , follows a 2021 investment by Cox that valued the news site at $430...

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