Gizmodo Media Group Acquired By Private Equity Firm Great Hill Partners

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Gizmodo Media Group and The Onion have a new owner — private equity firm Great Hill Partners.

As part of the deal, digital media executive Jim Spanfeller is becoming CEO of (and an investor in) the renamed G/O Media. Spanfeller previously led Forbes.com as CEO and also founded Spanfeller Media Group, the company behind the Daily Meal.

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