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“#Group Nine, Vox keep price of deal quiet” Vox Media and Group Nine are keeping the value of their merger private — and that may be because the number isn’t as eye-popping as digital media darlings once commanded, On The Money has learned. Sources say Group Nine’s worth has slumped to $225 million, less than…
“#Vox Media agrees to buy Group Nine Media in all-stock deal” Vox Media, owner of New York magazine, the Verge and Vox, has inked a deal to buy Group Nine, home to Thrillist, The Dodo and NowThis, creating a new digital media juggernaut. Terms of the all-stock deal were not disclosed late Monday. Vox Media…
“#CNN’s Jeff Zucker joins the board of Group Nine’s acquisition company” CNN president Jeff Zucker has joined the board of directors of Group Nine Acquisition Corp., the blank-check company looking to roll up other digital businesses with Group Nine Media. The Discovery-backed Group Nine — whose digital-media brands include food, drink and travel site Thrillist, news…
“#Digital-media coronavirus survivors’ urge to merge” Digital-media companies that survived the pandemic are now rushing to join forces as they scramble to battle the tech giants for ad dollars. The most recent example is a bit complex as it involves an esoteric — but wildly popular — financial vehicle known as a Special Purpose Acquisition…
“#Group Nine’s video news site NowThis says it has unionized” NowThis, a leading producer of video news for mobile use, said Tuesday it has unionized with the Writers Guild of America East. The parent company, Ben Lerer’s Group Nine — which also owns sites like Thrillist, The Dodo and PopSugar — agreed to recognize the…