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Sources: BuzzFeed is close to selling most of Complex Networks to livestream shopping startup Ntwrk for a little above $100M, far below Jonah Peretti's target

below the $150 million it was initially seeking. The deal won't solve all of BuzzFeed's financial problems. More here: https://www.theinformation.com/ ... See also Mediagazer

The Information

Discussion

  • @sizpatel Sahil Patel on x
    BuzzFeed is close to selling Complex Networks assets to Ntwrk for a little more than $100 million—below the $150 million it was initially seeking. The deal won't solve all of BuzzFeed's financial problems. More here: https://www.theinformation.com/ ...
  • @tomaxwell Thomas Maxwell on x
    BuzzFeed paid $300 million for Complex in 2021