BuzzFeed Unloads Complex, CEO Jonah Peretti To Focus On A.I.
BuzzFeed sold Complex to NTWRK for $109 million, which will help BuzzFeed to become more innovative, according to CEO Jonah Peretti.
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BuzzFeed sold Complex to NTWRK for $109 million, which will help BuzzFeed to become more innovative, according to CEO Jonah Peretti.
In addition to selling media startup Complex, BuzzFeed also announced it will be laying off 16% of its workforce due to company restructuring.
BuzzFeed sold Complex to Ntwrk for $108.6 million and said it will lay off another 16% of BuzzFeed's remaining staffers.
Growing commerce platform Ntwrk has acquired Complex from BuzzFeed for $108.6 million in an all-cash deal on Wednesday.
The digital media landscape is shifting further, with BuzzFeed selling its Complex division to the livestream shopping platform NTWRK in a $108.6 million…