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TECH NEWS SITE GIZMODO SOLD FOR THIRD TIME IN 8 YEARS AS EUROPEAN PUBLISHER KELEOPS LOOKS TO EXPAND
June 07, 2024
|AppleMagazine
Longtime technology news and review site Gizmodo has been sold for the third time in the past eight years, this time to a European publisher looking to expand its coverage of the digital scene.
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Switzerland-based Keleops didn’t disclose how much it paid for Gizmodo in its Tuesday announcement of the deal. Gizmodo was part of a $135 million deal in 2016 when Univision Communications bought its previous owner, Gawker Media, after that company filed for bankruptcy in the fallout from a losing legal battle with former professional wrestler Hulk Hogan.
Univision subsequently sold Gizmodo and the satirical publication The Onion to Boston investment firm Great Hill Partners in 2019 at what was believed to be a fraction of the price paid in the 2016 deal. Great Hill formed G/O Media to oversee Gizmodo and other websites
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