Brief: Buzzfeed Announces Proposed Majority Stake Investment By Byron Allen’S Family Office

BuzzFeed

11/05/2026 23:10

May 11 (Reuters) - BuzzFeed Inc BZFD.O:

BUZZFEED, INC. ANNOUNCES PROPOSED MAJORITY STAKE INVESTMENT BY BYRON ALLEN’S FAMILY OFFICE

BUZZFEED INC: JONAH PERETTI TO TRANSITION TO PRESIDENT OF BUZZFEED AI

BUZZFEED INC - TO ACCEPT MAJORITY INVESTMENT FROM ALLEN FAMILY DIGITAL

BUZZFEED INC - ALLEN FAMILY DIGITAL TO BUY 40 MILLION BUZZFEED SHARES AT $3.00 PER SHARE FOR $120 MILLION

BUZZFEED INC: BYRON ALLEN NAMED INCOMING CHAIRMAN AND CHIEF EXECUTIVE OFFICER OF BUZZFEED, INC

BUZZFEED INC - BYRON ALLEN TO BECOME CHAIRMAN AND CEO OF BUZZFEED; JONAH PERETTI TO BECOME PRESIDENT OF BUZZFEED AI

BUZZFEED INC: UPON CLOSING, ALLEN FAMILY DIGITAL WILL OWN ABOUT 52% OF COMPANY'S OUTSTANDING SHARES

BUZZFEED INC - Q1 2026 REVENUE $31.6 MILLION, DOWN 12.4% YEAR-OVER-YEAR

BUZZFEED INC - Q1 2026 ADVERTISING REVENUE $17.1 MILLION, DOWN 19.8% YEAR-OVER-YEAR

BUZZFEED INC: WITHHOLDING 2026 GUIDANCE AT THIS TIME

BUZZFEED INC: Q1 NET LOSS PER CLASS A AND CLASS B COMMON SHARE 40 CENTS

BUZZFEED INC: PLAN TO MAKE SIGNIFICANT CHANGES, INCLUDING COST REDUCTIONS AND SETTING UP BUZZFEED STUDIOS AND TASTY AS A NEW INDEPENDENT ENTITY

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