NY Times

Media Firm Buys Tech News Site Re/code

May 27, 2015  •  Post A Comment

The tech news website Re/code has been acquired by a media company that operates a number of news and entertainment sites. The New York Times reports that Vox Media purchased Re/code, just 18 months after Re/code spun off from The Wall Street Journal.

Re/code is run by veteran journalists Walt Mossberg and Kara Swisher, who will stay with the company following the merger, according to the report.

The deal is expected to bring Re/code to a wider audience.

Financial terms of the deal were not disclosed.

“The purchase of Re/code, which was announced by the companies on Tuesday, is just the latest significant move involving a digital media start-up in the past few months,” The Times notes. “In March, Gigaom, which had been one of the early sites dedicated to coverage of Silicon Valley, abruptly closed after nine years because of financial problems.”

Vox Media runs a number of websites, including The Verge.


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