Byron Allen to Acquire Majority Stake in BuzzFeed, Become CEO
Media executive Byron Allen has reached a deal to acquire a majority stake in BuzzFeed for $120 million. As part of the agreement, Allen will also take over as the company's Chairman and CEO, replacing Jonah Peretti.
The Story
Analyzing sources…
Source Diversity
Source Diversity
Excellent (75/100)Sources
Byron Allen to Take Over BuzzFeed, Replace Jonah Peretti as CEO - Bloomberg.com
Byron Allen to Take Over BuzzFeed, Replace Jonah Peretti as CEO Bloomberg.com
Read full article →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.
By Benjamin Mullin
Read full article →Nadella says the attempt to remove Altman from OpenAI was ‘amateur city’
Microsoft chief explains his decision to back AI lab’s boss in 2023 coup attempt during testimony in Elon Musk’s lawsuit
Read full article →BuzzFeed’s stock more than doubles as beleaguered media company gets a lifeline
Shares of BuzzFeed were up more than 130% in the extended session after the company said Byron Allen’s family office agreed to take a majority stake.
By Bill Peters
Read full article →BuzzFeed's fire sale to Byron Allen marks the end of an era
Byron Allen wanted to buy Paramount. Now he's buying a controlling stake in BuzzFeed. Paras Griffin/Getty Images Go back in time to 2016: BuzzFeed, Vice Media, and Vox Media are supposed to be the future of media. Now back to present tense: Vice filed for Chapter 11, Vox is breaking up, and BuzzFeed just sold itself for a fraction of its former value. Meanwhile, many of the companies the digital upstarts were supposed to replace — big publishers and TV companies — are still here. In the pas...
Read full article →Ilya Sutskever Testifies He Holds $7 Billion OpenAI Stake—Second New Billionaire Revealed In Musk-Altman Trial - Forbes
Ilya Sutskever Testifies He Holds $7 Billion OpenAI Stake—Second New Billionaire Revealed In Musk-Altman Trial Forbes
Read full article →Byron Allen Is Buying BuzzFeed, Will Become CEO
TV and media entrepreneur Byron Allen is taking a majority stake in BuzzFeed — investing $120 million in the digital media company — and will become CEO. BuzzFeed announced it has entered into a transaction agreement with Allen Family Digital, an affiliate of Byron Allen’s family office, under which BuzzFeed will accept a majority investment. […]
By Todd Spangler
Read full article →Byron Allen to Buy BuzzFeed In $120 Million Deal, Will Take Over As CEO
Jonah Peretti is transitioning to work on the company's AI efforts.
By Erik Hayden
Read full article →Byron Allen In Deal To Buy Majority Stake In Buzzfeed For $120 Million, Become Chairman & CEO
Allen Family Digital, an affiliate of Byron Allen’s family office, under has a deal to acquire a majority stake in Buzzfeed with Byron Allen becoming chairman and CEO. Current chief executive and founder Jonah Peretti will transition to a newly created role as president of BuzzFeed AI. Under the terms of the agreement, Allen Family Digital will […]
By Jillg366
Read full article →