Media investor James Murdoch has agreed to buy a number of Vox Media’s assets including New York magazine, the Vox news site and the podcast division.
Vox Media and Lupa Systems, Murdoch’s investment company, announced the deal on Wednesday. The Wall Street Journal reported earlier this month that Murdoch was in talks to acquire the businesses through Lupa.
Terms of the deal weren’t disclosed.
In a note to staffers Wednesday, Vox Media Chief Executive Jim Bankoff said the transaction with Lupa is expected to close in four to six weeks.
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