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Onion Inc. Exploring Sale

  • Bloomberg, Friday, November 14, 2014 10:57 AM
The owner of the Onion and its satirical sister publications is has reportedly hired a financial adviser to explore a possible sale. “The company … is working with the the [sic] investment bank GCA Savvian,” Bloomberg reports, citing sources. “Founded as a magazine by a pair of students at the University of Wisconsin at Madison in 1988 … David Schafer, a fund manager, bought the company in 2003.” Other Onion Inc. operations include a YouTube channel for the A.V. Club, and satire site Clickhole.

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