Air Mail, Digital Weekly for the Smart Set, Is Said to Be Exploring a Sale

Published On Sep 17, 2024, 3:02 PM

Air Mail, a digital media company founded by Graydon Carter in 2019, is exploring a sale through the boutique investment bank Raine Group after expressing interest from potential buyers. The company, which focuses on a weekend newsletter featuring detailed articles, travel tips, and shopping suggestions, currently employs 34 people and has established a significant subscriber base of 500,000. Despite earlier acquisition talks with Standard Investments falling through, Air Mail has attracted investments from notable figures and firms, raising $32 million to date. Carter is expected to remain involved post-sale, as the company continues to expand its media offerings, including podcasts and an online shop.

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The interest from potential buyers indicates a recognition of Air Mail's value and growth potential in the digital media space, particularly given its unique content and subscriber base. However, the fact that there are no active talks currently might suggest uncertainty regarding valuation or strategic fit with potential buyers. Investors should watch for any announcements regarding the completion of a sale or ongoing strategic partnerships that could enhance Air Mail's market position.

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Air Mail, Digital Weekly for the Smart Set, Is Said to Be Exploring a Sale

Sep 17, 2024, 3:02 PM

The company, founded in 2019, is known for its weekend newsletter of deeply reported features, travel recommendations and shopping tips.

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