BuzzFeed began laying off 15 percent of its staff — about 200 employees — on Friday. Its next move could be a merger with Group Nine, another big digital publisher.
Speculation about a tie-up between the two companies has been bubbling in the media industry for months, and sources familiar with both companies say the two have indeed been discussing a merger. The two companies aren’t close to a finalized deal and may ultimately find different partners. If there is a merger, sources say, it won’t happen imminently. [ Recode ]
Here are BuzzFeed’s major investors :