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BZFD News3 articles
Byron Allen's $120M Bet Revives BuzzFeed Stock, But Turnaround Uncertain
BuzzFeed shares nearly doubled after Byron Allen's family office agreed to buy a controlling stake, but the deal is mostly debt and the company still faces a going concern warning.
S&P 500 and Nasdaq Close at Records; CPI Data in Focus
S&P 500 and Nasdaq close at records as AI-chip stocks rally. After-hours: BuzzFeed jumps on Byron Allen deal, GoPro rises on strategic review, Hims & Hers falls on unexpected loss.
Byron Allen Takes Control of BuzzFeed in $120M Deal, Targets YouTube Dominance
Byron Allen's family office invests $120 million for a 52% stake in BuzzFeed, with Allen taking over as chairman and CEO. The company will pivot to free streaming video.