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An announcement from BuzzFeed ( (BZFD) ) is now available.
BuzzFeed, Inc. announced the sale of its ‘First We Feast’ brand to a consortium led by Soros Fund Management for $82.5 million in cash. This move is part of BuzzFeed’s strategic shift towards high-margin, tech-enabled revenue streams like programmatic advertising and affiliate commerce, improving its financial stance by reducing debt and enhancing its ability to leverage AI and innovative content strategies.
More about BuzzFeed
BuzzFeed, Inc. is a digital media company known for its popular online content across various sectors including pop culture, entertainment, shopping, food, and news. It focuses on using technology to drive engagement and has a market position in digital publishing, catering to a wide audience with diverse interests.
YTD Price Performance: 346.00%
Average Trading Volume: 844,001
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $169.5M
For detailed information about BZFD stock, go to TipRanks’ Stock Analysis page.
