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Shares of BuzzFeed Inc. were up more than 90% after hours on Wednesday after the media company said it had sold off the pop-culture site Complex and would...
BuzzFeed sold Complex to Ntwrk for $108.6 million and said it will lay off another 16% of BuzzFeed's remaining staffers.
BuzzFeed is selling Complex to NTWRK for $108.6 million in cash with $5.7 million for use of NYC office space, severance and other employee costs.
Growing commerce platform Ntwrk has acquired Complex from BuzzFeed for $108.6 million in an all-cash deal on Wednesday.
21.02.2024 - BuzzFeed, Inc. (Nasdaq: BZFD) today announced the closing of its sale of Complex to NTWRK to form a new and wide-ranging destination for the future of commerce and media, in an $108.6 million all cash deal. In addition to the $108.6 million purchase ... Seite 1