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  1. The Wire
June 10, 2021updated 21 Oct 2022 12:44pm

Buzzfeed to raise $200m in bonds ahead of SPAC deal

uzzfeed is rumoured to be planning a public listing by merging with 890 Fifth Avenue Partners.

Buzzfeed is rumoured to be planning a public listing by merging with 890 Fifth Avenue Partners, a special purpose acquisition company (SPAC). The Information reports that Buzzfeed is in talks to raise $200 in convertible bonds to add to cash it will raise through the SPAC deal. This $200m will be used to fund a planned acquisition of digital lifestyle publisher Complex Networks, according to the Information.

Source: The Information

Deal size: $200m

Country: US

Status: Rumour

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Select and enter your email address Weekly insight into the big strategic issues affecting the future of the news industry. Essential reading for media leaders every Thursday. Your morning brew of news about the world of news from Press Gazette and elsewhere in the media. Sent at around 10am UK time. Our weekly dose of strategic insight about the future of news media aimed at US readers. A fortnightly update from the front-line of news and advertising. Aimed at marketers and those involved in the advertising industry.
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