IAC-owned Dotdash buys Serious Eats and Simply Recipes from Seattle startup Fexy Media in all-cash deal

Seattle-area startup Fexy Media sold food sites Serious Eats and Simply Recipes to IAC-owned Dotdash in an all-cash deal; the sites reach a combined 16 million monthly users. The transaction moves 27 Fexy employees to Dotdash, lets Fexy focus on its Relish product, and pairs the companies to grow Relish while Dotdash expands its food publishing reach.