Bustle CEO Becomes Digital Media ‘Buyer of Last Resort’

The Information: Within a week Bustle — known for female-focused culture and fashion content — reached a deal to buy Mic for less than $10 million, a fraction of its recent valuation. It was Bustle’s fourth fire-sale acquisition in the past 18 months, including of high-profile names like Gawker, each for just a few million dollars.