Vox Media said it is buying Punch, a cocktail website founded by Bertelsmann SE’s Penguin Random House, part of a bid to deepen its coverage of food and drinks, The Wall Street Journal reports.
The deal with Punch comes as Vox Media—owner of tech-focused website the Verge, current-events site Vox.com and sports-focused SB Nation—is considering several options that would allow the company to finance further expansion, according to people familiar with the matter. Those options include going public through a SPAC, a traditional IPO or raising additional funding.
Vox Media and Penguin Random House declined to disclose terms of the deal. Read more.
