G/O Media sold its tech and design site Gizmodo to European media company Keleops in a deal that “represents a substantial premium from our original purchase price for the site,” CEO Jim Spanfeller said in an internal memo Tuesday.
In that same memo, Spanfeller assured that the agreement “Gizmodo’s entire staff intact” and working in G/O Media’s New York offices (“at least for the near terms”), a move that informed the board of directors’ decision to sell.
The news came just over a month after G/O Media sold another editorial asset, The Onion — this time to Chicago-based firm Global Tetrahedron.
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