Current:Home > Contact-usTech news site Gizmodo sold for third time in 8 years as European publisher Keleops looks to expand-LoTradeCoin
Tech news site Gizmodo sold for third time in 8 years as European publisher Keleops looks to expand
View Date:2024-12-23 15:57:36
NEW YORK (AP) — 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.
Paris-based Keleops didn’t disclose how much it paid for Gizmodo in its Tuesday announcement of the deal. The site fetched $135 million in 2016 when Univision Communications bought it after its previous owner, Gawker Media, went bankrupt after losing a 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.
G/O Media, a company created by Great Hill after the acquisition, recently sold The Onion to tech executive Jeff Lawson, who became a billionaire after founding online business software provider Twilio.
Lawson is asking Onion readers to donate $1 to help support it financially. Keleops CEO Jean-Guillaume Kleis, who founded his company a decade ago, plans to carry out a more traditional business strategy by leveraging the brand and reputation that Gizmodo has built during its more than 20 years tracking technology.
“The combination of Keleops’ unique digital know-how and Gizmodo’s rich content and deep editorial expertise will greatly benefit both our audiences and our partners,” Kleis predicted in a statement.
New York-based Gizmodo attracted worldwide attention in 2010 after buying an early prototype of Apple’s iPhone 4 that Apple’s late co-founder contended was stolen. Jobs, who died in 2011, also accused Gizmodo of trying to extort Apple to get the device back, resulting in an apology from a Gizmodo editor. Local prosecutors in Silicon Valley did not file charges in that caper.
veryGood! (334)
Related
- The Best Corduroy Pants Deals from J.Crew Outlet, Old Navy, Levi’s & More, Starting at $26
- Denver City Council settles Black Lives Matter lawsuit for $4.72 million
- How to take a photo of August's 'blue supermoon'
- UNC-Chapel Hill faculty member killed, suspect in custody after campus lockdown
- Taylor Swift touches down in Kansas City as Chiefs take on Denver Broncos
- Federal officials tell New York City to improve its handling of migrant crisis, raise questions about local response
- Singer Ray Jacobs, Known as AUGUST 08, Dead at 31
- Who’s running for president? See a rundown of the 2024 candidates
- Wisconsin agency issues first round of permits for Enbridge Line 5 reroute around reservation
- Nebraska aiming for women's attendance record with game inside football's Memorial Stadium
Ranking
- Watch: Military dad's emotional return after a year away
- Security guard at Black college hailed as 'hero' after encounter with alleged gunman
- Mother of Spanish Soccer President Goes on Hunger Strike Amid Controversy Over World Cup Kiss
- See Khloe Kardashian's Adorable Photos of Daughter True Thompson on First Day of Kindergarten
- See Megan Fox, Machine Gun Kelly, Brian Austin Green and Sharna Burgess' Blended Family Photos
- Meghan Markle Makes Royally Sweet Cameos In Prince Harry’s Netflix Series Heart of Invictus
- Myon Burrell, who was sent to prison for life as a teen but set free in 2020, is arrested
- This baby alpaca was lost and scared until a man's kindness helped it find its way home
Recommendation
-
Man who stole and laundered roughly $1B in bitcoin is sentenced to 5 years in prison
-
White House says Putin and Kim Jong Un traded letters as Russia looks for munitions from North Korea
-
Why NFL Fans Are Convinced Joe Burrow Is Engaged to Olivia Holzmacher
-
Sinéad O'Connor's children express gratitude for support a month after Irish singer's death
-
4 arrested in California car insurance scam: 'Clearly a human in a bear suit'
-
Unclear how many in Lahaina lost lives as Hawaii authorities near the end of their search for dead
-
Nick Saban refusing to release Alabama depth chart speaks to generational gap
-
Guatemalan president calls for transition of power to anti-corruption crusader Arévalo