From a Wall Street Journal story by Alyssa Lukpat, Lillian Rizzo, and Jessica Toonkel headlined “Axios’s $525 Million Sale to Cox Marks Merger of New and Old Media”:
Axios, a digital news site known for bulletin-style articles, agreed to be acquired by Cox Enterprises Inc., the companies said, uniting new and old media companies amid a flurry of mergers in the publishing world.
The cash deal values Axios at $525 million, according to people familiar with the matter.
Axios, known for its motto “smart brevity,” was launched in 2017 by the people behind the buzzy Washington news site Politico. Axios primarily covers politics, business and technology, churning out stories and newsletters using its signature bullet-point style.
