Dow Jones acquires AI company for fuel prices
Dow Jones said Tuesday it has acquired the artificial intelligence-powered fuel pricing solutions provider A2i Systems, without disclosing financial details about the deal, reports Michal Susin of The Wall Street Journal. Susin reports, “The New York-based media company said the acquisition of the Denmark-based company will contribute to its growing suite of AI capabilities and will operate […]
Mississippi Business Journal has been sold
Coopwood Publishing Group, a Cleveland, Mississippi-based media and publishing company, has finalized a deal to buy the Mississippi Business Journal for an undisclosed amount, reports Ross Reily of the Clarion Ledger in Jackson. Reily writes, “‘As we embark on this new chapter as the proud and committed owner of the Mississippi Business Journal, my team and […]
Tech news site Gizmodo sold to European company
Tech news website Gizmodo has been sold to Keleops Media, a European digital media company, for an undisclosed amount, reports Justin Baragona of The Daily Beast. Baragona reports, “In a company-wide email obtained and reviewed by The Daily Beast, G/O Media CEO Jim Spanfeller wrote: ‘A short time ago we were approached by European based […]
Why The Markup joined CalMatters
Sarah Scire of Nieman Lab writes about CalMatters recent acquisition of tech news site The Markup. Scire writes, “One specific catalyst was seeing Markup stories resonate locally — especially in California, home to many of the tech companies that The Markup covers. (Syed hailed editor-in-chief Sisi Wei‘s ‘visionary leadership’ in finding partners for The Markup’s stories […]
CalMatters acquires tech news site The Markup
CalMatters, a nonprofit news outlet focused on California politics, policy, and community issues, has acquired The Markup, a nonprofit news site focused on technology and data privacy investigations, reports Sara Fischer of Axios. Fischer reports, “The Markup will bolster CalMatters’ coverage of tech and tech policy at a time when the sector is growing in national interest. […]
Colorado Springs Biz Journal has been sold
Local entrepreneurs have purchased the Independent and its sister publication, the Colorado Springs Business Journal, through their new joint venture, Pikes Peak Media Co., reports Andrea Chalfin of KRCC. Chalfin reports, “Local businessman Roth has spearheaded the development of the Sunset Amphitheater in northeastern Colorado Springs through his company Notes Live. O’Neil is founder and CEO of the investment […]
BridgeTower Media acquires ColoradoBiz
BridgeTower Media, which operates business publications across the country, had acquired ColoradoBiz for an undisclosed amount. Founded in 1973, ColoradoBiz is the largest business publication in Colorado. It has a monthly print magazine and a website. “Business is booming in Colorado, and we see an opportunity to accelerate growth in ColoradoBiz through this acquisition by leveraging […]
Forbes buyer asks for two more weeks to close deal
Austin Russell, the 28-year-old Luminar Technologies CEO who is seeking to buy Forbes, has requested an extension of a Nov. 1 deadline to finalize his $800 million bid, reports Sara Fischer of Axios. Fischer reports, “Representatives for Russell have said that Russell’s bid is ‘substantially oversubscribed, with over $2 billion of demand’ from mostly American investors. But ‘demand’ […]
The Deal seeks a health care reporter
The Deal is looking for an enterprising reporter to cover M&A and private equity in the healthcare sector with a keen eye toward services and technologies that revolutionize the U.S. healthcare system and impact deal flow. The role will sit within a team of reporters based in our New York office and be part of […]
Investors in talks to buy CoinDesk, valuing company at $125 million
An investor group is in the final stages of purchasing cryptocurrency-focused media company CoinDesk, report Lauren Thomas and Vicky Ge Huang of The Wall Street Journal. Thomas and Huang report, “The investor group is led by Matthew Roszak of Tally Capital, a private investment firm focused on crypto and blockchain-based technologies, and Peter Vessenes of Capital6, a venture-capital firm and family […]
