Topic
digital-publishing
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thewrap.combusiness17 days agoDeveloping
Byron Allen Agrees to Buy Majority Stake in BuzzFeed for $120 Million
Media mogul Byron Allen has reached a deal to acquire a controlling stake in BuzzFeed for $120 million. BuzzFeed co-founder Jonah Peretti will step down as chief executive and become president of A.I. The transaction marks a significant shift for the digital media company that ro…