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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