Verizon, Hearst to Acquire Online Publisher Complex Media

MarketWatch: Verizon and Hearst have agreed to acquire Complex Media, an online publisher that caters to young men. The deal values Complex at $250 million to $300 million. Late last year, Hearst took an undisclosed minority stake in Complex, investing $21 million in the company. Hearst and Verizon will own Complex in an equal 50-50 joint venture. The deal marks the biggest move so far by the newly formed Verizon Hearst Media Partners.