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November 11, 2013 09:16 am GMT
Vox Media, an online publisher of websites such as The Verge, has purchased the smaller Curbed network of websites for a reported $20 to $30 million according to the New York Times.The Vox logo now graces the Curbed.com homepage. The deal was a combination of stock and cash, which is unsurprising given that the total deal size is almost commensurate with the recent $34 million that Vox Media raised; when equity can be used to conserve short-term capital, companies such as Vox that are quickly growing can prefer to hold onto their cash.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/-Q-LeKpz27g/
Vox Buys Curbed Network For A Reported Stock-Cash Blend Worth $20-30 Million
Vox Media, an online publisher of websites such as The Verge, has purchased the smaller Curbed network of websites for a reported $20 to $30 million according to the New York Times.The Vox logo now graces the Curbed.com homepage. The deal was a combination of stock and cash, which is unsurprising given that the total deal size is almost commensurate with the recent $34 million that Vox Media raised; when equity can be used to conserve short-term capital, companies such as Vox that are quickly growing can prefer to hold onto their cash.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/-Q-LeKpz27g/
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