Deals
Vox Media in Advanced Talks to Buy Thrillist Owner Group Nine
- Deal to combine owners of New York magazine and PopSugar
- The business will be run by Vox Media CEO Jim Bankoff
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Vox Media Inc. agreed to acquire Group Nine Media Inc. in an all-stock deal, putting New York magazine, The Verge and Eater under the same roof as websites including PopSugar and Thrillist.
The deal between the closely held companies will close in early 2022, according to a statement Monday. Financial terms weren’t disclosed. The transaction doesn’t involve Group Nine Acquisition Corp., a separate blank-check company that had been created for potential media deals.