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Axios
Axios
Business

Axios agrees to sell to Cox Enterprises for $525 million

Axios Cox Alex Taylor Jim VandeHei Roy Schwartz

Axios has signed a deal to sell to its most recent lead investor, Cox Enterprises, the companies announced Monday. The cash deal values the company at $525 million, according to sources familiar with the deal.

Why it matters: The deal is structured to ensure investments will continue to flow into local news at a time when most commercial investors have abandoned local markets.

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