BuzzFeed plans to become a publicly traded company with a $ 1.5 billion SPAC merger-Technology News, Firstpost

 BuzzFeed plans to become a publicly traded company with a $ 1.5 billion SPAC merger-Technology News, Firstpost

Digital media company Buzzfeed We are looking at growth. The merger with a special-purpose acquisition company will make it a publicly traded company with an implicit value of $ 1.5 billion.

Buzzfeed We hope this move puts it in a better position to win a dollar in digital advertising in favor of much larger rivals like Google, Facebook and Amazon.

Founded by Jonah Peretti in 2006 and initially known for its listicles and online quizzes, the company has established itself as a serious competitor to the news business and won the Pulitzer Prize in international press this year. Other brands include Tasty, the world’s largest social food network.

Acquiring competitors including HuffPost, Media outlet established in 2005 Huffington Post, From Verizon Media in November. Buzzfeed On Thursday, he said he plans to buy Complex Networks from Verizon and Hearst for $ 300 million. Complex is a…

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