The Outline acquired by Bustle Digital Group
Earlier this year in our 2019 NYC Tech Influencers, we dubbed “Bryan Goldberg the buyer of choice for distressed media assets. “ Weeks later, we learn that Goldberg and Bustle have scooped up The Outline, a digital news publication launched in 2016 by Joshua Topolosky. Terms of the transaction were not disclosed but all signs point to this being an acquihire as The Outline shed the majority of its staff in the Fall of 2018.
This marks the fifth acquisition for Bustle and Goldberg, who founded Bleacher Report and later sold it to Turne牂慯捤獡楴杮匠獹整獭映牯椠〲㈱桔瑳牡畴Ɒ映畯摮摥椠〲㌱牰癥潩獵祬愠煣極敲汅瑩慄汩ⱹ䴠捩汆癡牯楰汬慇歷牥湡桴潚敒潰瑲괮ĂPromoteIQ, the automated vendor marketing platform for retailers and b
Price: Terms not disclosed
Selected investors in the round: Advancit Capital, Boat Rocker Ventures, NextView Ventures, RRE Ventures
Founding year: 2016
Total funding raised: $10.2M
Time from founding to exit: 3.24 years
Full coverage: The Outline acquired by Bustle Digital Group
Nominations are now open for AlleyWatch’s 2020 NYC Tech Influencers feature.
Know someone amazing who belongs on this list? Nominate them today here. Nominations open until 2/4. Looking to drive targeted response from the NYC Tech community at scale, learn more about partnering with AlleyWatch on this initiative here.