Byron Allen Buys Controlling Stake in Buzzfeed, Steps in as CEO
SummaryMedia entrepreneur Byron Allen has agreed to acquire a 52% majority stake in BuzzFeed for $120 million via his Allen Family Digital affiliateUnder the terms of the transaction, Allen will officially become the Chairman and CEO of the companyCurrent CEO and co-founder Jonah Peretti will step down from his leadership position to take on a newly created role as President of BuzzFeed AIThe digital media landscape is undergoing another seismic shift. Media entrepreneur and television mogul Byr...
Original Source
Read the full article at Hypebeast →KhanList aggregates and links to publicly available news content. We do not host full articles from third-party sources. Always verify important information with original sources.