BuzzFeed, Inc.·Communication Services
BuzzFeed, Inc., a digital media company, provides breaking news, original reporting, entertainment, and videos across the social web to its global audience. It provides BuzzFeed, a go-to authority for entertainment, pop culture, and Internet with articles, lists, quizzes, videos, and original series; BuzzFeed News, a newsroom for young audience; Tasty, a platform for shareable food content; HuffPost, media platform for news, politics, opinion, entertainment, features, and lifestyle content; and Complex Networks that offers culture content of music, food, style, entertainment, and sports. The company also offers As/Is for style, BringMe for travel, Goodful for wellness, and Nifty for DIY. BuzzFeed, Inc. was founded in 2006 and is based in New York, New York.
Communication Services
Internet Content & Information
611
2021-03-05
3.41

Byron Allen, founder, chair and CEO of Allen Media Group, discusses his plans to turn Buzzfeed into a free-TV super app. Speaking with Romaine Bostick on "Bloomberg The Close," Allen also comments on taking over Stephen Colbert's "Late Show" time slot.

Twelve years ago BuzzFeed Inc reportedly valued itself at almost $1 billion, scaring off rumored interest from the Walt Disney Company.

Media entrepreneur Byron Allen is taking over as the CEO of BuzzFeed. Allen will buy a 52% stake in BuzzFeed for $120 billion.

BuzzFeed, which went public five years ago, has been grappling with a cash crunch.

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.

Go back in time to 2016: BuzzFeed, Vice Media, and Vox Media are supposed to be the future of media. Now back to present tense: Vice filed for Chapter 11, Vox is breaking up, and BuzzFeed just sold itself for a fraction of its former value.