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Axios Sells to Lead Investor Cox Enterprises for $525 Million

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New York Times. Axios covers politics, science, business, health, tech and media and has been known for its editorial style that aims to condense complex topics into easily digestible newsletters and articles structured via bullet points.

It also has a show on HBO and a TV partnership with MSNBC, and the company has roughly 500 employees that encompass the editorial department, Axios HQ and Axios Local.

Cox Enterprises still owns the Atlanta-Journal Constitution but sold a majority stake of its local TV and radio businesses to private equity firm Apollo Global Management in 2019.The Axios deal follows a wave of M&A specifically in the media realm, including the sale of The Athletic to the New York Times for $550 million earlier this year and the sale of Politico last year in a deal valued at roughly $1 billion.

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