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Entertainment

Byron Allen Invests $120 Million in BuzzFeed, Acquires Majority Stake and Plans Streaming Expansion

HU·1h ago·3 min read
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Media mogul Byron Allen is making a major play in digital media. According to Variety, Allen is investing $120 million into BuzzFeed after acquiring a majority stake in the company. He is set to become CEO as part of the deal. On Monday, BuzzFeed confirmed that it had entered into a transaction agreement with Allen … Read more

Media mogul Byron Allen is making a major play in digital media. According to Variety, Allen is investing $120 million into BuzzFeed after acquiring a majority stake in the company. He is set to become CEO as part of the deal. On Monday, BuzzFeed confirmed that it had entered into a transaction agreement with Allen…

Media mogul Byron Allen is making a major play in digital media. According to Variety, Allen is investing $120 million into BuzzFeed after acquiring a majority stake in the company. He is set to become CEO as part of the deal. On Monday, BuzzFeed confirmed that it had entered into a transaction agreement with Allen … Read more

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