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Last week we looked backwards. This week, we are looking ahead at subjects that we think will shape the tech industry over the next five years. There are some common themes that run across several of these topics, including the continued growth of artificial intelligence. (Although our team fiercely debated whether its impact will be more incremental or discontinuous.
On the day before Thanksgiving, Bustle CEO Bryan Goldberg got an urgent call from his counterpart at millennial news site Mic, Chris Altchek. Mic was in dire financial straits. Months of effort to find a buyer had fallen apart. Mr. Goldberg, who was friendly with Mr. Altchek, had resisted getting involved previously because he didn’t want to participate in a bidding war. But the war was ...
Bustle is nearing a deal to buy millennial news site Mic for less than $10 million, according to two people familiar with the matter. That price, which hasn’t previously been reported, would be a massive discount to Mic’s last reported valuation in 2017, when it was said to have raised money at a valuation in the hundreds of millions of dollars.
The talks, which were first reported ...
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