Page 6 - Buzzfeed Inc News Today

BuzzFeed has sold off Complex for over $108 million to the Ntwrk e-commerce group. The move also comes with layoffs at the media outlet.

BuzzFeed has sold Complex Networks to NTWRK, a livestreaming video commerce platform, at a significantly discounted price tag, and it will cut another 16 percent of its remaining staff, the company announced Wednesday. The $108.6 million all-cash deal comes just more than two years since BuzzFeed acquired pop culture media startup Complex in December 2021…

BuzzFeed on Wednesday said it is selling youth network Complex for $108.6 million. Job losses come as media and entertainment industries are slashing costs.

Shares of BuzzFeed Inc. were up more than 126% after hours on Wednesday, after the once-influential media company said it had sold off the pop-culture site…

Media group says it will be ‘more profitable, more nimble’ after offloading Complex at a discount and implementing a restructure

Jonah Peretti, CEO of BuzzFeed, stated in a press release that selling Complex is a key strategic move for BuzzFeed, Inc., in reshaping the business to be more profitable, agile, and inventive. Read more.

BuzzFeed has sold Complex Networks to NTWRK, a live-streaming video commerce platform. The deal, valued at $108.6 million, will also see a 16% reduction in BuzzFeed's workforce.

The latest layoff news comes from BuzzFeed, which is planning to reduce its workforce by 16%, which amounts to dozens of employees being let go, per the Guardian . The reduction...

BuzzFeed Inc‘s BZFD share price rose by 137.42% to $0.52 in after-hours trading after the company revealed the sale of Complex Networks to NTWRK, a…

Shares of NVIDIA Corporation (NASDAQ: NVDA) rose sharply in today’s pre-market trading after the company reported better-than-expected fourth-quarter financial results and issued strong revenue guidance for the first quarter.