Great Hill Partners to acquire The Onion and Gizmodo Media Group from Univision Communications.

Great Hill Partners, a leading growth-oriented private equity firm, to acquire The Onion and Gizmodo Media Group, a collection of premium digital content producer, from Univision Communications, an American media company. Financial terms were not disclosed. “From our experience across the digital media landscape, we know it is not every day that an attractive suite of digital media assets becomes available with strong brand recognition among consumers and advertisers, and a set of engaged, vertical audiences which together are larger than Vox, BuzzFeed or Vice,” said Chris Gaffney, Managing Partner at Great Hill Partners.