Gizmodo Media Group Sold for the Third Time in 8 Years

Gizmodo, a tech news and review site, has been sold for the third time in eight years. This time, a European publisher named Keleops bought it to expand its digital coverage. Keleops, based in Switzerland, didn't say how much they paid for Gizmodo. In 2016, Univision Communications bought Gizmodo for $135 million after its previous owner, Gawker Media, went bankrupt. Later, Univision sold Gizmodo to Great Hill Partners for less money. Great Hill then sold Gizmodo to Keleops. Keleops plans to use Gizmodo's reputation to grow its business. The CEO of Keleops, Jean-Guillaume Kleis, believes that combining Keleops' digital expertise with Gizmodo's content will benefit both audiences and partners. Gizmodo, based in New York, gained attention in 2010 for buying an early iPhone 4 prototype. Apple's late co-founder, Steve Jobs, accused Gizmodo of extortion, but no charges were filed. Keleops' purchase of Gizmodo shows the value of Gizmodo's work and reputation in the tech industry.