Amazon announced Tuesday that it has acquired Recode, a popular tech news site founded by former Recode writer Aaron Swartz.
The deal, first reported by The Wall Street Journal, comes on the heels of Amazon’s announcement that it is acquiring The Verge, a tech publication that has been critical of the Federal Reserve.
Swartz’s family, which owns The Verge and also owns the news site Ars Technica, has made no secret of their anger with the Fed, which has repeatedly criticized Amazon’s investments in tech.
The Verge’s coverage of the Fed has also been critical.
Amazon will pay Recode a reported $9.6 million for the company, according to The Wall Journal.
The deal is contingent on Recode having 10 million readers, The Verge said.
The company says that the acquisition will result in the creation of an “independent and innovative news site.”
“We are committed to building a more robust digital journalism ecosystem in which we all benefit from the power of digital news,” Amazon said in a statement.
“We’re thrilled to join forces with Recode and The Verge to build on our commitment to building an innovative digital journalism platform for our readers, our partners, and our customers.”
The deal will create a news site for which Amazon already has a substantial number of subscribers, The Wall, which is owned by Alphabet Inc., is reporting.
Amazon has a long history of acquiring startups.
In December, Amazon purchased the popular podcast platform Podcatchers for $970 million.
And in June, Amazon bought the popular video site Vimeo for $1.4 billion.