BuzzFeed News is planning on going public as the shareholders of 890 Fifth Avenue Partners, a special purpose acquisition company, approved a merger with the digital media company.
In addition, BuzzFeed News will also close its acquisition of Complex Networks, a media company run as a joint venture of Verizon and Hearst.
Further, as reported:
¨BuzzFeed raised about $16 million from the SPAC deal, which is far less than anticipated. When BuzzFeed announced its plan to go public in June, it said 890 Fifth Avenue Partners held about $288 million in cash. But the vast majority of investors withdrew, as The Wall Street Journal reported earlier on Thursday. BuzzFeed also raised about $150 million in debt financing for a total expected raise of approximately $166 million.¨
Read more here.
Former CoinDesk editorial staffer Michael McSweeney writes about the recent happenings at the cryptocurrency news site, where…
Manas Pratap Singh, finance editor for LinkedIn News Europe, has left for a new opportunity…
Washington Post executive editor Matt Murray sent out the following on Friday: Dear All, Over the last…
The Financial Times has hired Barbara Moens to cover competition and tech in Brussels. She will start…
CNBC.com deputy technology editor Todd Haselton is leaving the news organization for a job at The Verge.…
Note from CNBC Business News senior vice president Dan Colarusso: After more than 27 years…