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New media deals: GigaOm to be relaunched & Vox Media buys Re/Code

GigaOm to be relaunched in August

GigaOm

Pioneering tech news website GigaOm, which had been shut down in March this year after being unable to pay off its creditors, is all set to be relaunched. US-based startup Knowingly Corp has acquired GigaOm and its archives and the site is set to relaunched in August. This was first reported by Re/code’s Peter Kafka.

Just like the news of GigaOm shutting came as a surprise to GigaOm employees, the news of its relaunch also seems to have surprised them.  

GigaOm was started by former Forbes columnist-turned-venture capitalist Om Malik in 2006. GigaOm, for all purposes, seemed to be successful and claimed well over 6 million monthly readers, was staffed by more than 70 employees, and had its own research platform. Malik had said that he left the company in 2014 and that its assets were being controlled by the company’s lenders, at the time of shutting down.

Knowingly runs iForetold, a platform that allows users to predict the future, and Correctica.com, an online tool for spotting copy errors.

Vox Media acquires Re/code

The Verge parent Vox Media has acquired tech business new site Re/code in an all-stock deal. As part of the deal, Re/code co-founders Kara Swisher and Walt Mossberg will stay at the company.

Re/code’s parent company Revere Digital was a spin out from The Wall Street Journal, and was launched at the start of 2014. Mossberg said in a blog post that this acquisition will Re/code access to Vox Media’s marketing, communications, audience development, sales and production capabilities. He also mentioned that Re/code will eventually migrate to Vox Media’s proprietary publishing platform Chorus. Re/code and The Verge are also likely to collaborate on stories in future.

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