Byron Allen to buy majority stake in BuzzFeed for $120 million, shares nearly triple

🌐 Investing.com (CY) —
Byron Allen to buy majority stake in BuzzFeed for $120 million, shares nearly triple

AI Summary

Media entrepreneur Byron Allen plans to acquire a majority stake in BuzzFeed for $120 million, signaling confidence in the digital media company. Following the announcement, BuzzFeed's shares nearly tripled.

Markets Deals Byron Allen BuzzFeed acquisition digital media

Read original source →