BuzzFeed completes majority stake investment by Byron Allen's family office
Byron Allen becomes Chairman and CEO; Jonah Peretti moves to President of BuzzFeed AI, with plans for free streaming and AI-powered media.
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In short: BuzzFeed completed a majority stake investment deal with Byron Allen's family office, resulting in a leadership transition and new strategic focus.
Byron Allen becomes Chairman and CEO; Jonah Peretti moves to President of BuzzFeed AI, with plans for free streaming and AI-powered media.
Byron Allen will become Chairman and CEO, Jonah Peretti moves to President of BuzzFeed AI.
It will provide real-time coverage and analysis instead.
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(Photo by Jason Mendez/Getty Images for Tribeca Festival) The deal, previously announced on May 11,...
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