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

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

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

May 11, 2026 at 11:39 PM Original source
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Byron Allen to buy majority stake in BuzzFeed for $120 million, shares nearly triple - Reuters
Reutersvia rss

<a href="https://news.google.com/rss/articles/CBMi4gFBVV95cUxOZjRRQVk2UzlJN0NPd1V6ekh4Z2EwNUJBSU94OVhvUlJUZGxYNUJCQVlldWRNclpFRHVrbUhtMHpnUXg3Z1dEZThtNm95Ym9wT0xQYjhCVDAtUjRFMVlqSXVYSk12Umdiam43MFVoSWJsRkN5VWNURHkzWG5RRWt0SFBLd2V1MjdVUU1IWmZVU1JZbTlFLTQ2ZDRyMTdYdTB4ZGd6UVd3U2xUa3BvdGhacHZsVHZ0eFRHb3VyR3NfM2s4RVBoZk40dW02R1pQcHBnU0ZtMU53M0VaZUpaeXFLS3Bn?oc=5" target="_blank">Byron Allen to buy majority stake in BuzzFeed for $120 million, shares nearly triple</a>&nbsp;&nbsp;<font color="#6f6f6f">Reuters</font>

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

Media entrepreneur Byron Allen has agreed to acquire a 52% stake in BuzzFeed for $120 million, with plans to become the new CEO and chairman, while founder Jonah Peretti will transition to president of BuzzFeed AI.

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BuzzFeed sold to Byron Allen, who will take over as CEO in $120m deal
The Guardianvia ai

BuzzFeed has sold a controlling stake to media entrepreneur Byron Allen, who will replace founder Jonah Peretti as CEO, with significant cost cuts expected ahead of the leadership change.

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The Informationvia ai

Byron Allen is set to acquire control of BuzzFeed for $120 million, rescuing the struggling digital media firm from likely extinction, with plans to succeed Jonah Peretti as CEO.

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