Vox Media Acquires Recode in All-Stock Deal

Walt Mossberg and Kara Swisher, announcing the deal:

We are thrilled to announce that Re/code’s parent company, Revere Digital, is being wholly acquired by the highly respected digital-native media company Vox Media. This is the next big step in our mission to bring you quality tech journalism, because our work will now be amplified and enhanced by Vox Media’s deep and broad skill set.

We want to assure you that this combination is designed to bolster and enrich Re/code, and that we will continue to publish under the same name and leadership, with editorial independence. We will also continue to hold our signature Code conferences, and even add new ones, again with the same core team and the same philosophy.

Not sure what to make of this. Feel like I’ve felt that way about a lot of news the past few days.

This bit from the NYT report on the acquisition surprised me:

ReCode said it had 44 full-time employees and three contract employees. They were expected to join Vox, though Vox would not elaborate on potential staffing changes.

44 full-time employees sounds crazy for Recode.

Tuesday, 26 May 2015