The corporates have jointly acquired online media brand Complex, which counted Hearst and Iconix among its investors, for between $250m and $300m.
Telecommunications firm Verizon and media group Hearst agreed yesterday to jointly acquire Complex, a US-based online media company in which Hearst is already an investor.
Hearst and Verizon will each take a 50% share of Complex in a deal that will value the company at between $250m and $300m, according to the Wall Street Journal, which cited people familiar with the matter.
Founded in 2002, Complex operates a digital media site covering US pop culture aimed at millennial males, and…
