BuzzFeed

BuzzFeed Inc‘s (NASDAQ:BZFD) share price rose by 137.42% to $0.52 in after-hours trading after the company revealed the sale of Complex Networks to NTWRK, a live-streaming video commerce platform. The deal, valued at $108.6 million, will also result in a 16% reduction in BuzzFeed’s...

Digital media company BuzzFeed (NASDAQ: BZFD) reported first quarter financial results after market close Monday. Here are the key highlights for investors. What Happened: BuzzFeed generated revenue of $92 million in the first quarter, up 26% year-over-year. The total came in shy of a consensus...

The anonymous founders of Bored Ape Yacht Club watched their public identities shared to the world via a Buzzfeed article released on Feb. 4, 2022. The NFT community has rallied around the founders in support and also are taking in a new company update shared by the founders on what’s to come...

A leading financial media company could have an alternative to a previously announced SPAC merger, according to a new report. What Happened: Investment firm GSV Asset Management could be bidding to buy Forbes Media in an alternative buyout for the company versus a previously announced SPAC merger,...

The month of December shows an increasing number of SPAC deal votes. SPAC merger votes can act as a catalyst, as the votes complete the last step in the merger process and change the company over to a new name and ticker that can help build recognition. Several former SPACs also saw wide swings in...

Digital content and commerce company BuzzFeed is going public in a SPAC deal bringing a portfolio of brands aimed at millennials and Gen Z to the market. The SPAC Deal: BuzzFeed is merging with 890 Fifth Avenue Partners Inc (NASDAQ: ENFA) in a deal valuing the company at $1.5 billion. As part...

One of the oldest financial media companies is in talks to go public via a SPAC merger. What Happened: Business news company Forbes Media LLC is in talks to go public, according to Reuters. The company is reportedly fielding offers from SPACs and bidders including Borderless Services and a...

Two digital media publishers are in talks to merge and explore going public via SPAC in a consolidation move in a fragmented market. What Happened: Axios and The Athletic have discussed a merger and plans to go public via SPAC, sources told the Wall Street Journal. A potential deal would...

It was another busy week for the SPAC market with numerous deal announcements and rumored deals. Benzinga's "Spacs Attack" covered the deals and news of the week.  Here is a look back at the announced deals, rumors and some top headlines. SPAC Deals Last-mile telehealth...

Verizon Communications (NYSE: VZ)-owned HuffPost is to be acquired by BuzzFeed Inc in a stock deal, according to The Wall Street Journal. Jonah Peretti, the CEO of BuzzFeed, is also the co-founder of Huffington Post, which was launched in 2005 along with Kenneth Lerer, Andrew Breitbart and Arianna...

HSBC Holdings plc (NYSE: HSBC) shares dropped more than 6% on Monday following reports the bank was involved in large-scale money laundering over a period of nearly two decades. Investors in HSBC and the other banks mentioned in the reports are now trying to figure out exactly what the...

Scrutiny of leaked Suspicious Activity Reports (SARs) filed with the United States Department of Treasury revealed that many financial entities could have aided money launderers and criminals. The report unearthed and published by BuzzFeed claims that in almost two decades between 1999 to 2017...

Loup Ventures managing partner Gene Munster on Wednesday said that Tesla Inc. (NASDAQ: TSLA) will see "little impact" in the long term from its Fremont, California factory shutdown. Tesla Required To Stop Manufacturing Alameda County officials on Tuesday said that Tesla is "not an...

Microsoft Corporation (NASDAQ: MSFT) CEO Satya Nadella criticized India's recent Citizenship Amendment Act, saying it is against India's plurality and hurts the country's economic prospects. What Happened "I think it's just bad if anything," Nadella told Buzzfeed...

Amazon.com Inc. (NASDAQ: AMZN)'s Ring doorbell security system is defending itself against claims it has been "hacked" several times, with reports that families have had strangers watch their kids and pets and talk to them through the system.  On Thursday, a new report surfaced...