2 November 2021
Axios valued at $430m after new investment
By William Turvill
Digital news business Axios has said it now has a value of $430m following an investment from Cox Enterprises.
Axios, launched in January 2017 and best known for its suite of free specialist newsletters, expects to generate revenues of around $85m this year, up from approximately $60m in 2020.
It was reported earlier this year that German publishing giant Axel Springer was in talks to acquire Axios. In August, Axel Springer announced a deal to buy Politico, a Washington rival of Axios.
Axios was also linked to a merger deal with the Athletic, but these talks were reported to have broken down in May.
The details of Cox Enterprises’ series D funding round were announced to staffers on Monday and reported by Axios today.
Source: Axios
Value: $430m
Country: US
Status: Official
No comments:
Post a Comment
For now, we're opening this blog to Anonymous comments. This will continue as long as civility rules. Disagree as you may, just keep it clean and stay on topic. No profanity, and no name calling. We reserve the right to moderate such comments, though the person who made it may come back and reword their message in a more civil way.