Byron Allen acquires majority stake in BuzzFeed for $120 million

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Go back to Byron Allen acquires majority stake in BuzzFeed for $120 million

BuzzFeed, Inc. Completes Majority Stake Investment by Byron Allen's Family Office, Positioning Company for Next Era of Growth

May 27, 2026 4:15 PM EDT

Byron Allen Assumes Role of Chairman and Chief Executive Officer; Jonah Peretti Transitions to President of BuzzFeed AI

Company to Pursue Free Streaming, AI-Powered Media, and Direct-to-Consumer Expansion

NEW YORK--(BUSINESS WIRE)-- BuzzFeed, Inc. (BuzzFeed or the Company) (Nasdaq: BZFD) today announced the closing of its previously announced transaction with Allen Family Digital, LLC, an affiliate of Byron Allen's Family Office, under which Allen Family Digital, LLC acquired approximately 51% of the Company's outstanding shares. Byron... More