vp

ISSUE – Jan. 28 | BuzzFeed has started its layoffs, but it’s also talking about a merger

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 :

Checkout New Enterprise Associates Deals, Exits and Fund Raised Data.

Checkout Andreessen Horowitz’s  Deals, Exits and Fund Raised Data.

Checkout RRE Ventures Deals, Exits and Fund Raised Data.

Checkout Hearst Ventures Deals, Exits and Fund Raised Data.

Checkout 15K+ Venture Capital Data on our platform.

ad ad