Tech News Site Gizmodo Sold for Third Time in 8 Years
The tech world was abuzz with the news that Gizmodo, a longtime technology news and review site, has been sold for the third time in eight years. This time, the buyer is European publisher Keleops, which is looking to expand its coverage of the digital scene.
A major player in the tech news scene has changed hands once again.
The sale marks a significant milestone for Gizmodo, which has been a staple of the tech news landscape for over 20 years. Founded in 2002, the site has built a reputation for its in-depth reviews and coverage of the latest gadgets and technology trends.
Gizmodo has been at the forefront of tech news for over two decades.
In 2016, Gizmodo was part of a $135 million deal when Univision Communications bought its previous owner, Gawker Media, after the company filed for bankruptcy. Univision subsequently sold Gizmodo and the satirical publication The Onion to Boston investment firm Great Hill Partners in 2019 at a fraction of the price paid in the 2016 deal.
The Gizmodo brand has been a trusted source of tech news for years.
This time around, Keleops didn’t disclose how much it paid for Gizmodo, but G/O Media CEO Jim Spanfelle said the deal was substantially more than the price paid to Univision in 2019.
The tech industry is constantly evolving, and Gizmodo has been at the forefront of covering the latest developments.
Keleops CEO Jean-Guillaume Kleis plans to carry out a more traditional business strategy by leveraging the brand and reputation that Gizmodo has built over the years. With its unique digital know-how and Gizmodo’s rich content and deep editorial expertise, the combination is expected to greatly benefit both audiences and partners.
The Gizmodo team is expected to remain intact under the new ownership.
In a staff memo, Spanfelle praised the work of Gizmodo’s editorial teams and other areas of operations, saying the deal is a testament to their hard work.
The sale of Gizmodo marks a new chapter in the site’s history.
Gizmodo has had its fair share of controversies over the years, including a notable incident in 2010 when it bought an early prototype of Apple’s iPhone 4 that Apple’s late co-founder Steve Jobs contended was stolen. Jobs accused Gizmodo of trying to extort Apple to get the device back, resulting in an apology from a Gizmodo editor.
Gizmodo made headlines in 2010 with its iPhone 4 scoop.
Despite the ups and downs, Gizmodo remains a trusted source of tech news and reviews, and its sale to Keleops is expected to bring new opportunities for growth and expansion.
The tech industry is constantly evolving, and Gizmodo is poised to remain at the forefront of tech news.
