Yahoo is selling Engadget to Static Media

Source: The Verge

Engadget Acquired by Static Media

Engadget, the long‑running tech news website, has a new owner. Yahoo sold the publication to Static Media in a deal that was signed in early February and is scheduled to close later this March (terms of the deal weren’t disclosed). The deal hasn’t yet been publicly announced, but a source familiar with the publication says Engadget staff was told a few weeks ago and has already met with the new owners.

“This move reflects Yahoo’s focus on our core brands, while aligning Engadget with an owner whose primary focus is operating and growing editorial media brands,” says Sona Iliffe‑Moon, Yahoo’s chief communications officer, in a statement.

Read the full story at The Verge.