BuzzFeed to acquire HuffPost from Verizon Media.

BuzzFeed, an American Internet media, news and entertainment company, agreed to acquire HuffPost, an American news aggregator and blog, from Verizon Media, an online media company. Financial terms were not disclosed. As part of the deal, Verizon Media will make an undisclosed cash investment in BuzzFeed. “We’re excited about our partnership with Verizon Media, and mutual benefits that will come from syndicating content across each other’s properties, collaborating on innovative ad products and the future of commerce, and tapping into the strength and creativity of Verizon Media Immersive,” Jonah Peretti, BuzzFeed Founder and CEO.