Gizmodo and the Onion sold to equity fund in cut-price deal

Univision reportedly offloaded for less than £50m – a third of
what it cost three years ago

Satirical news site the Onion has been sold to a private equity
fund in a cut-price deal alongside a number of other news outlets
including Gizmodo, Jezebel and Deadspin, reflecting growing
industry concerns that many digital media companies have been
substantially overvalued.

The sites, which were formerly owned by the Spanish-language
media company Univision, consist of the former assets of Nick
Denton’s Gawker business combined with spoof news outlets such as
Clickhole.

Source: FS – All-News2-Economy
Gizmodo and the Onion sold to equity fund in cut-price deal