The Verge editor-in-chief Nilay Patel has been quietly shopping the technology news site for a new owner as it prepares to be spun off from Vox Media, reports Oliver Darcy of Status.
Darcy reports, “Status has learned that Patel has been taking investor meetings this week in search of a buyer who would be a good steward of the outlet. A spokesperson for Vox Media did not comment and it was unclear who Patel had met with.
“The official plan for the Vox Media entities that were not included in the Murdoch package—which also include Eater and SB Nation—is to form a new publishing company headed by Ryan Pauley, as Status first reported earlier this month. Vox Media boss Jim Bankoff also said in a memo that the company has ‘no plans to separate’ the remaining assets. But let’s be honest: everything has a price.
“And ultimately it is hard to see how the outlets won’t eventually be sold off, whether all at once or one by one, à la G/O Media. Indeed, AdWeek’s Mark Stenberg reported Thursday that Jay Penske is in talks to acquire all of Vox Media’s remaining brands. According to Stenberg, it’s all or nothing for the Hollywood trade mogul, who already owns a large catalog of outlets. A spokesperson for Penske did not respond to a request for comment.”
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