Deadspin has laid off its existing staff after G/O Media agreed to sell the sports news site to European startup Lineup Publishing, TheWrap has learned.
G/O Media CEO Jim Spanfeller revealed the update in a company-wide email on Monday.
“I have some news to share regarding one of our sites in the G/O Media portfolio. Recently we were approached by the European firm Lineup Publishing expressing interest in purchasing Deadspin to add to their growing media holdings,” the email began. “After careful consideration, the G/O Media board of directors has decided to accept their offer. I do want to make it clear that we were not actively shopping Deadspin.”
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