Reported 4 months ago
G/O Media has sold its tech and design site Gizmodo to European media company Keleops, with CEO Jim Spanfeller mentioning a substantial premium from the original purchase price for the site. Keleops, a company based in Switzerland, expressed excitement about acquiring Gizmodo, considering it an iconic brand in technology news with strong global recognition. The deal aims to strengthen Keleops' presence in the tech media industry, with the entire Gizmodo staff set to remain in G/O Media's New York offices for the near term.
Source: YAHOO