Private equity firm Great Hill Partners acquired Gizmodo Media Group and The Onion from Univision, the two announced today. The combined properties will operate under one umbrella, dubbed G/O Media Inc., to be overseen by James Spanfeller. Financial terms of the deal were not disclosed.
Univision acquired the Gizmodo sites—including Gizmodo, Jalopnik, Jezebel, Deadspin, Lifehacker and Kotaku—in August 2016 for $135 million from Gawker Media. The namesake site, Gawker.com, ultimately went to Bustle Digital Group.
Univision positioned the sites as new properties that would complement a number of digital sites under Fusion Media Group, which included The Root, The Onion, The A.V.
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