M&A Deal Summary

Cox Enterprises Acquires Axios Media

On August 8, 2022, Cox Enterprises acquired media company Axios Media for 525M USD

Acquisition Highlights
  • This is Cox Enterprises’ 1st transaction in the Media sector.
  • This is Cox Enterprises’ 2nd largest (disclosed) transaction.
  • This is Cox Enterprises’ 8th transaction in the United States.
  • This is Cox Enterprises’ 2nd transaction in Virginia.

M&A Deal Summary
Date 2022-08-08
Target Axios Media
Sector Media
Buyer(s) Cox Enterprises
Deal Type Add-on Acquisition
Deal Value 525M USD

Target

Axios Media

Arlington, Virginia, United States
website
Axios Media is a digital media company delivering trustworthy breaking news and invaluable insights to help readers and viewers get smarter, faster across the topics reshaping our lives in politics, tech, business, media, science and the world. Axios Media is based in Arlington Virginia.

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Buyer(S) 1

Buyer

Cox Enterprises

Atlanta, Georgia, United States

website

Category Company
Founded 1898
Sector Diversified
Employees50,000
DESCRIPTION

Cox Enterprises is a global conglomerate with interests in communications, media, and automotive services. The company operates through its major subsidiaries, including Cox Communications, which is one of the largest broadband and entertainment companies in the United States, providing high-speed internet, digital television, and telephony services. Cox Automotive is another significant division, offering a wide array of automotive services and solutions, including vehicle remarketing, digital marketing, software solutions for automotive dealers, and financial services. Cox Media Group, although its portfolio has evolved over the years, has been involved in broadcasting, publishing, and digital media. Cox Enterprises was founded in 1898 and is headquartered in Atlanta, Georgia.

DEAL STATS #
Overall 9 of 10
Sector (Media) 1 of 1
Type (Add-on Acquisition) 6 of 7
State (Virginia) 2 of 2
Country (United States) 8 of 9
Year (2022) 2 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-03 Mucci Farms

Kingsville, Ontario, Canada

Mucci Farms is a second-generation fruit and vegetable grower. Vertically integrated from seed to retail, the company owns and operates greenhouse and warehouse facilities spanning the continent with a mission to deliver the highest quality of fresh produce in the market through innovation at all levels. Mucci Farms was founded in 2000 and is based in Kingsville, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-27 OpenGov

San Francisco, California, United States

OpenGov is a provider of cloud-based performance intelligence and financial reporting solutions for government institutions. OpenGov helps governments analyze, share, compare, and allocate public money. OpenGov was founded in 2012 and is based in San Francisco, California.

Buy $1.8B
Mergr

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