Great Hill Partners Acquires Digital Media Group Gizmodo
Great Hill Partners, a leading growth-oriented private equity firm has acquired Gizmodo Media Group and The Onion, a collection of premium digital content producers, from Univision Communications Inc.
The combined assets will form a new company named G/O Media Inc. that will be led by digital content industry veteran James (“Jim”) Spanfeller, who will also be a significant investor in the company.
The Financial terms of the deal were not disclosed.
Gizmodo Media Group and The Onion which was earlier acquired by the Gawker Media reach more than a third of all Americans online each month with approximately 100 million unique visitors, including its extended network.
The Company’s collection of digital-first brands serve young, diverse influencers with content that reflects th...