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Twilio cofounder Jeff Lawson appears to have just bought The Onion (www.businessinsider.com)

submitted 7 months ago by [email protected] to c/[email protected]

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[–] [email protected] 8 points 7 months ago

This is the best summary I could come up with:

Jeff Lawson, the cofounder of cloud computing company Twilio, appears to have purchased the satirical news website The Onion from G/O Media.

A trust linked to Lawson is behind a San Francisco-based company called Global Tetrahedron, which shares the name of a fictional evil megacorporation in a long-running Onion gag, business records show.

G/O Media CEO Jim Spanfeller confirmed the sale of The Onion to Global Tetrahedron in an email Thursday to staff, first reported by New York Times journalist Katie Robertson.

"This company is made up of four digital media veterans with a profound love for The Onion and comedy based content," Spanfeller wrote.

"The site's new owners have agreed to keep The Onion's entire staff intact and in Chicago, something we insisted be part of the deal."

Lawson resigned as Twilio's CEO in January following a year of deep layoffs and pressure from activist investors.

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