Cox Enterprises to Acquire Axios for $525 Million

Posted on 08/08/2022


Atlanta-based Cox Enterprises, Inc. agreed to acquire news media website Axios for US$ 525 million. Axios was founded six years ago. Axios is selling at roughly five times its projected 2022 revenue of more than US$ 100 million, according to news sources. Axios’ software arm, known as Axios HQ, will spin out into a standalone…

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