November 19, 2020

BuzzFeed acquires HuffPost in tie-up of digital media rivals

Washington (AFP) – BuzzFeed said Thursday it was acquiring HuffPost in a deal uniting two digital media pioneers seeking fresh momentum in a troubled sector.The deal allows BuzzFeed to take over HuffPost from parent firm Verizon Media, and to use content from other Verizon properties including Yahoo, according to a statement from the companies.It also makes Verizon a minority shareholder in BuzzFeed, with the two firms agreeing to a strategic partnership for content and advertising.”We’re excited about our partnership with Verizon Media, and mutual benefits that will come from syndicating cont…

source https://this.kiji.is/en/702257928069055585?c=648607265489716321

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