which first reported the news, said Friday that Axios is seeking a valuation of $400 million; but according to The Wall Street Journal, the outlet is hoping to be valued at as much as $450 million.These figures are however not guaranteed, WSJ reports, and talks, which are not final, could still fall through.
However, WSJ and The Information report that talks have increased in recent weeks.The news comes amid a wave of media and entertainment mergers and acquisitions, including the $43 billion merger between Discovery and WarnerMedia that will see them spun off from AT&T into an entirely new company worth as much as $130 billion.
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