BuzzFeed to become a publicly traded company
ABC News
BuzzFeed will become a publicly traded company with an implied value of $1.5 billion through a merger with a special purpose acquisition company
NEW YORK -- BuzzFeed will become a publicly traded company with an implied value of $1.5 billion through a merger with a special purpose acquisition company. The company, founded by Jonah Peretti in 2006 and initially known for listicles and online quizzes, has established itself as a serious contender in the news business, this year winning a Pulitzer for international reporting. BuzzFeed also said Thursday that it plans to buy Complex Networks from Verizon and Hearst for $300 million, a global youth network that engages with millennials and Gen Z. A number of companies this year have chosen a non-traditional path to putting their shares on the public market, choosing to skip partnerships with traditional financial institutions, and instead merging with a special purpose acquisition company, or SPAC.More Related News