Axios to Sell Itself to Cox Enterprises for $525 Million

From a New York Times story by Benjamin Mullin headlined “Axios to Sell Itself to Cox Enterprises for $525 Million”:

Axios, the digital media company that quickly gained traction since its founding five years ago with its distinctive bulletin-style scoops on the realms of politics, business and technology, has agreed to sell itself to Cox Enterprises, according to two people with knowledge of the deal.

The deal values Axios at $525 million, said the people, who spoke on condition of anonymity to discuss confidential terms of the agreement. The transaction, which is set to close this month, is expected to be announced on Monday.