Cox Enterprises is set to acquire OpenGov, a software provider for cities and state agencies, in a deal valued at $1.8 billion. OpenGov, a privately-owned company based in San Francisco, has developed a software platform over the past twelve years. This platform assists with budgeting, accounting, asset management, and other local government requirements.
Tag: cox enterprises
Who Are the Largest Shareholders of Axios Media
Axios Media is majority-owned by Cox Enterprises, a family-owned media conglomerate headquartered in Atlanta, Georgia. However, Axios ownership isn’t solely held by Cox Enterprises. Here’s a breakdown:
- Majority ownership: Cox Enterprises owns approximately 70% of Axios Media.
- Minority ownership: The remaining 30% ownership is divided between Axios Media employees and its co-founders, Jim VandeHei, Mike Allen, and Roy Schwartz.
Therefore, while Cox Enterprises holds the majority stake, Axios also maintains ownership by its founders and employees, potentially fostering a sense of shared ownership and alignment within the company.