The Information reported on Thursday. The $200 million raise would come as BuzzFeed is negotiating to go public via a special purpose acquisition company, or SPAC.
BuzzFeed has been discussing a deal with SPAC 890 Fifth Avenue Partners for several months, with The Information reporting the two sides are “getting close to a resolution.” An announcement from the two sides is “possible in the next few weeks,” the report added.At the same time, BuzzFeed is interested in making a deal with Complex, although negotiations are still ongoing and a deal is “far from certain,” a person familiar with negotiations told The Information.
Read more on thewrap.com
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