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
Vox Media, Complex Networks, and BDG are considering ditching Google's AMP for their own mobile-optimized articles; The Washington Post dropped AMP last summer
Alexandra Bruell / Wall Street Journal :
BuzzFeed announces plans to go public via SPAC merger, targeting a $1.5B valuation, and will acquire digital publisher Complex Networks for $300M
BuzzFeed, a 15-year-old digital media company, announced Thursday it plans to go public via a merger with a publicly traded special purpose acquisition company.
Snapchat has been showing non-exclusive video shows from publishers like BuzzFeed, Wired, GQ, and Complex Networks in its Discover feed since June
Complex Networks' “Sneaker Shopping,” which follows host Joe La Puma as he goes shopping with celebrities ranging from Kevin Hart to Marshawn Lynch …