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Byron Allen to buy majority stake in BuzzFeed for $120 million, shares nearly triple - Reuters

Byron Allen to buy majority stake in BuzzFeed for $120 million, shares nearly triple - Reuters

Byron Allen to buy majority stake in BuzzFeed for $120 million, shares nearly triple Reuters

May 11, 2026 at 11:39 PM Original source
4 agencies covered this story

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Notable Quotes

"Byron’s vision, operational experience and long-term commitment to premium content makes him exceptionally well-positioned to lead BuzzFeed and HuffPost into our next phase of growth."

— Jonah Peretti , Executive

Key People

B
Byron AllenExecutive

Byron Allen is an American businessman, television producer, and comedian known for his ownership of entertainment and media companies.

J
Jonah PerettiExecutive

Jonah Peretti is the founder and former CEO of BuzzFeed.

Locations

Canada Bengaluru, India United States USA

Tags

acquisition business business news buzzfeed byron allen cost cuts digital media executive change finance investment media media acquisition merger stock market

All Coverage

Byron Allen to buy majority stake in BuzzFeed for $120 million, shares nearly triple - Reuters
Reutersvia rss

<a href="https://news.google.com/rss/articles/CBMi4gFBVV95cUxOZjRRQVk2UzlJN0NPd1V6ekh4Z2EwNUJBSU94OVhvUlJUZGxYNUJCQVlldWRNclpFRHVrbUhtMHpnUXg3Z1dEZThtNm95Ym9wT0xQYjhCVDAtUjRFMVlqSXVYSk12Umdiam43MFVoSWJsRkN5VWNURHkzWG5RRWt0SFBLd2V1MjdVUU1IWmZVU1JZbTlFLTQ2ZDRyMTdYdTB4ZGd6UVd3U2xUa3BvdGhacHZsVHZ0eFRHb3VyR3NfM2s4RVBoZk40dW02R1pQcHBnU0ZtMU53M0VaZUpaeXFLS3Bn?oc=5" target="_blank">Byron Allen to buy majority stake in BuzzFeed for $120 million, shares nearly triple</a>&nbsp;&nbsp;<font color="#6f6f6f">Reuters</font>

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Byron Allen to buy majority stake in BuzzFeed for $120 million, shares nearly triple
Reutersvia ai

Media entrepreneur Byron Allen has agreed to acquire a 52% stake in BuzzFeed for $120 million, with plans to become the new CEO and chairman, while founder Jonah Peretti will transition to president of BuzzFeed AI.

80%
BuzzFeed sold to Byron Allen, who will take over as CEO in $120m deal
The Guardianvia ai 1 quote 1 person

BuzzFeed has sold a controlling stake to media entrepreneur Byron Allen, who will replace founder Jonah Peretti as CEO, with significant cost cuts expected ahead of the leadership change.

80%
The Informationvia ai

Byron Allen is set to acquire control of BuzzFeed for $120 million, rescuing the struggling digital media firm from likely extinction, with plans to succeed Jonah Peretti as CEO.

80%

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