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Great Hill Partners

Great Hill Partners Acquires Gizmodo Media Group and The Onion from Univision Communications Inc.

Great Hill Partners, a leading growth-oriented private equity firm, today announced it has acquired the Gizmodo Media Group and The Onion, a collection of premium digital content producers, from Univision Communications Inc. The combined assets will form a new company named G/O Media Inc. (“the Company”) that will be led by digital content industry veteran James (“Jim”) Spanfeller, who will also be a significant investor in the company. Financial terms of the private, all equity transaction were not disclosed. G/O Media…