Variety reports: “Axios Media has been acquired by Cox Enterprises in a cash deal said to value the digital news company at $525 million. Media and advertising firm Cox Enterprises had taken a minority stake in Axios in November 2021. The $525 million deal price is about five times Axios’s projected 2022 revenue of more than $100 million, the New York Times reported. Axios had raised $55 million in funding.”

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