After BuzzFeed announced on Monday that Byron Allen is acquiring a majority stake for $120 million, former employees at the once-high-flying media darling are taking the news hard. Although stock rose ...

Earlier this week, after years of financial struggles, BuzzFeed got a lifeline. Byron Allen, a media entrepreneur known for making sometimes unsolicited bids on massive companies such as Paramount ...

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BuzzFeed said Monday media entrepreneur Byron Allen will take over as the digital media company’s next CEO after he entered into a deal to buy a stake of about 52% in the digital media company for ...

Twelve years ago BuzzFeed Inc reportedly valued itself at almost $1 billion, scaring off rumored interest from the Walt Disney Company. Fast-forward to this week and BuzzFeed is selling a controlling ...

Byron Allen is expected to head BuzzFeed as the company’s new CEO, according to a Monday company release. Allen will replace Founder and CEO Jonah Peretti, who will transition into the role of ...

Founder Jonah Peretti will transition to work on the firm's AI efforts as the former new media darling sputters as a publicly traded company. By Erik Hayden Executive Editor, Business Insert your own ...

BuzzFeed, Inc. (“BuzzFeed” or the “Company”) (Nasdaq: BZFD) today announced the Company has entered into a transaction agreement with Allen Family Digital, LLC, an affiliate of Byron Allen’s family ...

Buzzfeed is taking a stab at AI, but doing it in their own way. As part of a new venture called Branch Office, the spin‑off aims to introduce a slate of new apps designed to rethink how “people ...

In 2012, BuzzFeed was ready to take over the media world. The irreverent news website had seemingly cracked the code for social-media virality, and would soon become one of the first digital-media ...

BuzzFeed rode a wave of VC investment to become a force, but never found a path to profitability. Now it faces a fate like other failed digital-media darlings of the past. BuzzFeed CEO Jonah Peretti ...