BuzzFeed Sells Off Complex For $109M, Lays Off Staff
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.
Source: theurbandaily.com
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BuzzFeed sells Complex for $108.6 million, will lay off some staff
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…
Source: yahoo.com
BuzzFeed to reduce staff by 16%. Complex sold for $108.6 million
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.
Source: latimes.com
BuzzFeed shares soar after it sells Complex
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…
Source: biztoc.com
BuzzFeed plans to lay off 16% of employees after selling Complex
Media group says it will be ‘more profitable, more nimble’ after offloading Complex at a discount and implementing a restructure
Source: theguardian.com