Byron Allen to Buy a Controlling Stake in BuzzFeed

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The Guardian - Business 21 hours ago • theguardian.com

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

Allen, a media entrepreneur, to replace founder Jonah Peretti as chief executive with ‘significant’ cost cuts to comeBuzzFeed, the digital media pioneer that was once valued as high as $1.7bn amid a private equity-funded…

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The New York Times - Business 23 hours ago • nytimes.com

Byron Allen to Buy a Controlling Stake in BuzzFeed

Jonah Peretti, BuzzFeed’s co-founder, will step down as chief executive and serve as its president of A.I.

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