BuzzFeed’s stock more than doubles as beleaguered media company gets a lifeline

🇺🇸 MarketWatch (US) —

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BuzzFeed's stock has seen a remarkable increase of over 130% following news that Byron Allen’s family office will acquire a majority stake in the struggling media company. This development marks a significant turnaround for BuzzFeed amid a challenging market.

Shares of BuzzFeed were up more than 130% in the extended session after the company said Byron Allen’s family office agreed to take a majority stake.

Markets Deals BuzzFeed stock increase Byron Allen media company acquisition

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