Axios Media is being acquired by Cox Enterprises, which mentioned Monday that it plans to push the net information supplier into new markets whereas broadening its protection.
Axios, citing sources, reported that the deal is value $525 million.
Cox, a conglomerate whose different media firms embody The Atlanta Journal-Constitution and Dayton Daily News, first grew to become an investor in Axios final yr.
Axios co-founders and former Politico reporters Jim VandeHei, Mike Allen and Roy Schwartz will proceed to carry substantial stakes within the firm and can lead editorial and day-to-day enterprise selections.
The Axios communications software program enterprise, Axios HQ, will grow to be an impartial firm majority-owned by the founders and can embody Cox as sole minority investor. VandeHei will probably be chairman and Roy Schwartz will probably be its CEO.
Boeing cleared to renew deliveries of 787 Dreamliner
Federal regulators mentioned Monday they’re glad with modifications Boeing has made within the manufacturing of its 787 Dreamliner passenger jet, clearing the best way for the corporate to renew deliveries to airline clients “in the coming days.”
The Federal Aviation Administration announcement confirmed stories late final month and got here days after the company’s performing chief met with security inspectors who oversee Boeing.
The FAA mentioned performing Administrator Billy Nolen needed to listen to about steps Boeing has taken to repair manufacturing issues and guarantee independence for Boeing staff who work with regulators.
The FAA mentioned it’s going to examine every aircraft earlier than it’s permitted for supply.
“We expect deliveries to resume in the coming days,” the FAA mentioned.
Shares of Boeing Co., which relies in Arlington, Va., had been up 1.8% in afternoon buying and selling Monday.
Source: www.bostonherald.com”