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

Source: International Business Times

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.