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BuzzFeed Valued at $1.5 Billion in SPAC Deal to Go Public, Will Acquire Complex Networks for $300 Million

by Todd Spangler

BuzzFeed is going public in a deal with a special purpose acquisition company (SPAC), which will give the digital media company an implied valuation of $1.5 billion once the pact closes, the company announced. BuzzFeed will become a publicly listed company through a merger with 890 Fifth Avenue Partners, a SPAC that holds $288 million […]

SOURCE: Variety at 2:58pm on June 24, 2021