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Verizon, Hearst to purchase online publisher Complex Media

Verizon and Hearst will reportedly pay between $250 million and $300 million for Complex Media.

Verizon Communications Inc. and Hearst Corp. said they have agreed to acquire Complex Media, an online publisher that caters to young men.

The deal values Complex at $250 million to $300 million, according to people familiar with the matter. The companies...