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Byron Allen To Take Control Of BuzzFeed In $120 Million Deal, Becoming Company's Next CEO

Byron
International Business Times Fews App News Provider
Fews App Post Time Hace 21h

Allen will reportedly oversee both BuzzFeed and HuffPost after the transaction is finalized. Jerod Harris/Getty Images for Vox Media Media entrepreneur Byron Allen is set to become the new chief executive of BuzzFeed after agreeing to acquire a controlling stake in the company through a $120 million deal. The agreement gives Allen Family Digital about 52% ownership of BuzzFeed and places Allen in charge of the company founded by Jonah Peretti in 2006.

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