The company behind the popular Polygon News, the award-winning video aggregator, has been sold to a Singapore-based company, Polygon Media Group (PMG), according to the company’s chief executive officer and a statement from the company.
“Polygon Media is pleased to have closed our deal with PMG for the purposes of focusing our resources on our core business,” said Alex Eller, the company founder and CEO.
“We’re excited to continue our expansion in Singapore and continue working on exciting news and content for our audience.”
The sale of the company, which has nearly 3.5 million subscribers, is part of the Polygon deal with Google, the largest media company in the world, that also included the sale of Polygon’s parent company Vox Media, and the acquisition of its flagship news website, Polygraph.
“The news and journalism business is growing at an incredible pace,” Eller said.
“And with Google’s recent acquisition of Vox Media we can be sure that our work with Google and PMG will continue to grow.”
The company said it was announcing the sale to PMG today, and that it will continue in the same fashion it has done for the past four years.
The news outlet will remain in its existing offices in London.
“It is great news for the Polygons readers and we look forward to continuing to bring great content and insight to our viewers and listeners,” PMG said in a statement.
Polygon also announced plans to build a new digital hub, the Polygraph Hub, in partnership with news site BuzzFeed, and plans to open a newsroom in the U.S. with BuzzFeed employees, as well as in the future expand to other markets.