Private equity giant CVC Capital is discussing a $200 million investment into Vox Media.
Vox Media, which owns New York magazine, Recode, The Verge and more, recently laid off more than 100 staffers.
Both CVC Capital and Group Black had talks aimed at acquiring the digital media company, according to reports.
Vox Media, the digital media venture that houses assets including New York magazine, The Verge, Eater, and SB Nation, is looking to raise around $200 million, according to two people familiar with talks.
The sources said they believe Vox Media CEO Jim Bankoff wants to use the money to acquire new assets while also potentially putting some Vox Media properties on the block.