$0.41
-0.07 (-14.26%)
BZFD News2 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.
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.