Univision Acquires The Onion

Los Angeles-based Univision said Tuesday that it has acquired satirical news site The Onion. Financial terms of the acquisition were not disclosed. The Onion is based in Chicago, but was started in Wisconsin in 1988 by two college students, Tim Keck and Christopher Johnson. The Onion's satirical articles have often been mistaken for real news, despite the publication's longtime reputation for fake stories.