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Allen Family Digital

Coverage of Allen Family Digital in the Nexus archive.

Earliest in view: May 11 · 22:19 UTCMost recent: May 12 · 00:14 UTC
Co-mentioned in this coverage
Byron Allenperson2BuzzFeedorganization2Jonah Perettiperson2NBCUniversalorganization1BuzzFeed AItopic1BuzzFeed Inc.organization1
Recent coverage
  • BUSINESSMay 12 · 00:14 UTCAXIOS
    Byron Allen strikes deal to buy controlling stake in BuzzFeed and become CEO

    Byron Allen is buying a majority stake in BuzzFeed and becoming CEO, giving the company a lifeline after struggling with debt and shrinking revenue. The deal values BuzzFeed at more than three times its current market cap. Allen will complete the purchase through his family office, Allen Family Digital.

  • BUSINESSMay 11 · 22:19 UTCTHE HILL
    Byron Allen taking over BuzzFeed

    Byron Allen is taking over as CEO of BuzzFeed, replacing Jonah Peretti who will become president of BuzzFeed AI. Allen's investment firm purchased 40 million shares of BuzzFeed Inc. at $3.00 per share. This transition is expected according to a company release.